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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: TShirtPrinter who wrote (5070)	3/25/2010 11:37:50 AM
From: alanrs	Read Replies (1) of 5205

I understand completely. I'm down to 2725 shares of QCOM, still own the original 200 shares (400, split adjusted) I bought in my IRA a long time ago at a higher price. QCOM is still by far my biggest single position. While I did sell a fair chunk a while back it was at least in part that I had another non-stock use for the money. My best gage of what I think about things is to examine what I've done. Right now I am short exactly one Oct. 44 call, sold cheap at $100. Picking nickels up in front of trains, but also reflective of my willingness to take $4500 out while leaving $100,000 in. If QCOM broke into the 50's (or heaven forbid the 60's), I'd be willing to reduce further but am unlikely to go below 2000 shares unless the world changed radically. ARS

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