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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)
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To: Michael Hart who wrote (1690)1/22/2005 9:13:36 AM
From: billcasto  Read Replies (1) of 3386
 
OK, Mr. Hart. What you are saying is monday sell covered calls on any existing XM longs, wait until the stock gets hit on Wed. with SIRI earnings report, then get near the bottom and go long again. There will be a run up in the price next week with the anticipation of XM's earning. Sell into that anticipation or protect with shorts or covered calls again.

Also if SIRI gets below $5.00 there could a bounce to the up side of a quarter.

I am somewhat new to all out trading but what I have done this year has made me money. I am beginning to think that with the market the way it is and the probability that it will stay that way it will the only way to make money into the near future.

One question, on covered calls, if by chance it was a bad call and the stock went up significantly, is there any way to buy back those covered calls or are you just stuck with them.
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