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Non-Tech : The Critical Investing Workshop
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To: RocketMan who wrote (29542)8/18/2000 6:24:24 PM
From: Mannie  Read Replies (1) of 35685
 
<Why not take the loss, and find a better
vehicle? With the covering, you have not lost all that much, as your losses have been offset by the CCs. What am I
missing?>

If it is a company that you believe in long term, don't move on, the stock is probably right where you want it for the next month, at the bottom of it's trough. I think it really pays to get to know the companies you are working with, one of the traps off CC writing is to jump around just looking for the best premium.
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