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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Dr. Id who wrote (1298)7/4/2001 3:45:52 PM
From: Andrew N. Cothran   of 5205
 
I sold the July 60's for 2.80 a week or so ago and bought them back yesterday very near the open at 3.60 and 4.00. since I have been around since the ERICY capitulation in early 1999 (and before), I knew what would happen.

I did not expect NOKIA to fold so soon.

I will wait now for the stock to trade in the upper 70's and low 80's before I reenter covered call positions.
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