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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: BirdDog who wrote (869)5/31/2001 2:04:21 PM
From: FaultLine  Read Replies (1) of 5205
 
Dawg,

RE: tidbit

they are dancing the tango while I'm still doing box steps. :o) But I presume you are referring to :

First, I did not have the discipline to take the minor loss on my CSCO leaps and get out. Second, instead I shorted and shorted more, then got caught in an intermediate term uptrend and did not cover. Third, instead I bought June calls as a hedge to my much much larger than I ever thought short position (which was this large because I wanted to recoup my paper losses from the leaps).

Item 1 seems to be the key idea but it can be a tough decision can't it.

(Incidentally, I haven't a clue as to what TRIN-5 is...)

--cfl@dummyfied.com
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