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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (2085)8/18/2001 1:28:36 AM
From: LindyBill  Read Replies (1) of 5205
 
I'm still hold the belief that ltb&h is the only effective way to participate in the wealth creation effect of a great company like the Q.

I agree long term Frank, but , for the next few months I don't see any major upswing holding. If looks to me like it will be "traders market" between now and November at least.

And this leads me to ask myself, "Why should I stay at risk in this market?" I see no permanent upturn in the near future, and we could have a slide to a 1600 NAZ in the next few months.

I have no tax consequences, so instead of selling CC's after the next rise, I may go to cash, leave it at interest for a while, or look at a short term strategy. If I simply traded in and our of say, QQQ, on the same ups and downs that I am trading CC's I would do as well, and probably better.

I will think about it this weekend.
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