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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Mike Buckley who wrote (1592)	7/23/2001 5:48:54 PM
From: FaultLine	Read Replies (1) of 5205

I believe SEBL is overvalued. Over the weekend I was thinking about last week's SEBL discussions. Your post today helped solidify my decision to immediately sell contracts on the small SEBL position I bought last week at 32.90. I sold AUG 32.50 at 2.90 -- the order filled a few minutes before closing today. It's OK with me if these get called. I felt that this was a reasonable premium in this jittery down-trending market. Good luck Mike and thanks for keeping us informed. --dfl P.S. (instructions for making your newspaper Dummy Hat are in the header...)

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