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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: freeus who wrote (3263)9/23/2000 9:17:57 PM
From: Voltaire  Read Replies (1) of 65232
 
Hi freeus,

now this is just my opinion and God knows I have one, BUT: no way I buy them back now that the event that motivated your decision to buy them back has evaporated. To do so is to just simply enter the CASINO. You could roll out but I would simply let them ride. Now don't take this the wrong way because it is just a little advice, - UNLESS THE EVENT IS BIG ENOUGH OR YOUR FAITH IS STRONG ENOUGH - never never buy calls back on a limit order. To do so is to say to yourself that you are really not too confident about the event that motivated you to buy back in the first place, it's simply stepping over dollars to pick up pennies. This is not so much aimed at you as simply my advice to others who might be in a decision phase.

Love your honesty.

Hope this helps,

V
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