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Technology Stocks : Rockwell-Spins off Conexant (CNXT)
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To: MeDroogies who wrote (1834)12/22/2000 10:46:35 AM
From: David W. Taylor   of 2013
 
See Message 15064502

This is the right idea. You win if the shares go down, since you have written a call for someone that they won't use and you still have the stock and now your basis is less. If the stock goes up, you have lost the upside though to the call purchaser.

Given the bear market though, this is a good idea, if you need to hold onto the stock.

We will shortly be on our way back down again. Many of you haven't yet had much experience with bear markets. These rallies are brief attempts to call a bottom and will always fail until the underlying fundamental trend finally changes.

Dubya must now be staring the bear in the eyes and seeing that his presidency will make his dad's look like a walk in the park. At least Dan Quayle knew he was an idiot. The poor shrub is clueless.
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