Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (25111)	3/8/2005 9:35:29 AM
From: Tommaso	Read Replies (1) of 116555

>>.probably take a year or two to discover the risks in covered call writing the way they do it.<<, I wonder if they will just let their stocks be called away from them in the event of a rise above the call strikes. I guess if they had the cash they could buy and deliver the stock if they wanted to maintain the position. Seems kind of funny to be bullish on a sector and simultaneously short it by selling calls. I guess it all depends on how accurately you guess the rate of change. Incidentally, a fund that I own has been going great guns: finance.yahoo.com It's pretty much pure chance that I own it. Twenty years ago when I was a silver fool I bought something called Prospector Fund, and soon afterwards the manager absconded with about half the assets or more. The parent company "made us whole" over a couple of years, and after various evolutions my investment ended up in PSPFX, which seems to have concocted a brilliant blend of world-wide resource stocks. It's now worth about ten times what I put into it, not spectacular for 20 years, and it's an IRA, so it compounded.

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