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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: LindyBill who wrote (2498)	9/25/2001 12:37:09 PM
From: Uncle Frank	Read Replies (1) of 5205

>> However, when I looked at this market last week, I saw nothing out there to drive it up, and everything out there to drive it down. In the short term I agree with you, but I'd still recommend you set a stop loss. When a reason to rally arrives, there could be an immediate and disproportionate reaction based on a massive short squeeze. >> I am trying to take small bites... That's reasonable, but why not limit your potential losses to the same nibbles? Speaking of possible reasons for a rally, I picked up the following alleged briefing.com report from the Q thread. 11:02 ET Greenspan Meeting : Greenspan met with the Senate Banking committee behind closed doors this morning; Market News reporting that Senator Grassley is saying that Greenspan recommended that if there is another stimulus package, it should be "significant" and that Greenspan and former Tsy Sec Rubin discussed $100 bln in stimulus. If true, Greenspan's support of such a large stimulus package would be bullish for the economy and the market. duf

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