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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: LindyBill who wrote (2095)	8/18/2001 5:51:16 PM
From: PoetTrader	Read Replies (1) of 5205

LB...I know -- once I realized the error of my thinking I realized maybe that's what I should do too. Just dump the shares I think are dead in the water and only hold the stocks I never want to part with -- Qcom, Amgn, csco, intc, emc amat, sebl (Yikes on those last three)...I think I will wait until the Fed does his thing...only thing is, I think the market will tank regardless of what he does. If he only goes .25 everyone will be mad that he didn't go further. If he goes further everyone will think "the sky is falling."...and on CNBC investors will hear it so much they too will run out like Chicken Little and shed their shares...so I'm thinking we need some good earnings/economic news next week that picks us back up...or maybe technical investors will hit whatever support they need to see to feel comfortable going back in. Either way I think it's going to be a sea of red for some time...I'm just trying to figure out how to maximize in the meantime...All best and good luck. Let us know what you decide re: Sep CC. By the way, for those who are doing buy/writes on this thread...I've found really great premiums in qlgc and nvda...however they are not for those who sleep lightly. Any others I might be missing? PoetTrader

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