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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: JohnM who wrote (874)5/31/2001 8:13:32 PM
From: TShirtPrinter  Read Replies (1) of 5205
 
Greetings JohnM,

I started selling CC's to keep some sanity. In 1998 when I was way overweighted in QCOM, against my professional adviser's advice, I decided to take 20% and put it in "play" because there seemed to be this constant range that QCOM traded in. I was short some CC's when it took it's big run, but I had decided I was willing to risk that much.
Of course then i stopped selling CC's for awhile and held, and held, .....well we all know the story.
Rose colored glasses are off today and selling a larger % on pops. Strickly gut feeling on stocks I'm very intimate with <g>.

Tony

PS And yes I fired the broker. I should have taken more chips off the table on the runup, but I would never have had so many shares if I had listened to the pros. Just a screen printers story.
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