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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: JGoren who wrote (1224)6/26/2001 11:19:01 PM
From: RP Svoboda  Read Replies (2) of 5205
 
<<i "foolishly" bought back my july 80's last week too high at 15 cents.>>

You did better than I did - I sold the Jul 80s @ 3 back at the end of may and "foolishly" covered last week @ .35

I have decided to hold off on writing against my Jan 04 leaps (50) again until after we figure out what the implications of the Sprint,Verizon and China infrastructure buildouts are. I remember long ago when Globalstar gateway earth stations made up for a lack of handset sales when the Q was "between product lines". I have the gut feeling that current infrastructure sales will make up for a lot of lost handset sales now that we are once again between product lines. As a result, I think the Q will announce in line with positive forward looking statements (finally including China sales in the estimates) which will cause a short term pop. Then sell again the Aug XX.

Any feedback to that thought process would be appreciated.

Thanks.
Boda
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