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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (635)	5/18/2001 1:57:30 PM
From: Uncle Frank	Read Replies (2) of 5205

Happy Birthday, Ken. I didn't know it was a celebration day when we talked yesterday, but if I'd thought about it, that's probably the only reason Lady FaultLine allowed you the luxury of an afternoon nap <gg>. Like Dr. Id, I bought back my nulec May 15s today for a nice loss :-(. They were part of an ill conceived idea to hedge ntap at the time the warned, and I'm afraid I dragged Jeff and my bride into it as well <mea culpa, mea culpa). I consider it an excellent lesson as to why cc's are not effective as a hedge. The good doctor's reasoning behind selling the January 62.50 aol calls was excellent, and I hope he elaborates on the play for the benefit of our threadmates. Great job, Doc. duf (and I feel like I truly merit the "D" today) btw, KUDOS to Dale, CFOE, and the rest of the gang who hung in on the aooem play. It looks like Mr. Market is going to reward your courage in full measure!

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