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Strategies & Market Trends : Ask DrBob

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To: Louis V. Lambrecht who wrote (2432)	8/30/2000 10:56:17 AM
From: rx4pain	Read Replies (1) of 100058

Louis-I bought the stock then sold the calls. In this case it was GBLX. I got in about 29 9/16. I figure any buy below 30 should make me money in September. Looking at the chart, it appears to have a limited downside, to about 25 in (hopefully) worst case. So I sold the 25s. I'll probably buy them back today netting me "lunch money". Rx Heh, in fact my limit order just kicked in. I feel less evil now. LOL

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