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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Judith Williams who wrote (90)	4/20/2001 4:57:41 PM
From: Uncle Frank	Read Replies (2) of 5205

>> given the sharp spike, decided just to let them get exercised and take my chances on a relaxation in price It's not necessarily the wrong thing to have done, Judith. I hope it was reasonable as I did the same thing. Sebl's had a gigantic run in the past few days, and normal market mechanics dictate it will dip to fill the gap. It only seems grim because Mr. Market is giddy over the surprise of the interim rate cut, but that effect has proven to be short lived in recent times. I'm hoping that if we're patient, we'll be able to re-establish our positions at reasonable prices. jmho, uf

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