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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (4000)	10/17/2002 5:56:08 PM
From: TShirtPrinter	Read Replies (1) of 5205

Greetings Unc, I wish I had waited, I guess. Sold Oct 30's for a lousy $1, expecting QCOM to run up and bump it's head on $30 and then retreat .....again. Looks like I'll be taken out Monday @ $30. So.....not being able to bear the thought of giving up shares, on yesterday's dip, I bot the same amount of 2005 LEAPS. $40, but I really will be essentially off margin. I know..bending over in front of train to pick up a nickel sort of cost me this time. I think QCOM will be a couple of bucks over $40 by Jan 2005. I sure hope so. <g> Tony

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