VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: jmac who wrote (26906)	12/22/2000 8:11:57 AM
From: edamo	Read Replies (1) of 65232

jmac..."rolling down or up....running out of capital" you finally prove the point of the less then viable, but oft touted on the threads, strategy of "repairing" a long call.....a misconception of those who only understood a fast moving upward momentum market.... "repairs" can only be made by the seller, which actually increases the sellers cash and reduces the sellers cost basis....the buyer only depletes cash and increases a cost basis... hopefully a long call or put strategy will be recognized as what it is...throwing good money after bad, in a very finite instrument...

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