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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (5838)11/12/1997 9:45:00 PM
From: Spots  Read Replies (2) of 14162
 
Good not to listen to gloomers and faddists, but I have to
ask myself just what I am too. That's what I'm reflecting
on now. We should be prepared for eventualities, which I
perceive this thread started out doing but has drifted toward
predicting. No matter how you predict, you are a member of
some group of predictors (which, when it's someone else, we
call by names such as gloomers or faddists). This is an
impersonal "you" BTW. Definitely includes me.

I started out (reentered) ccing with PPs and preparation to
be wrong. That worked. Now I've dropped the ball.

I'd like to hear people's thoughts on how to pick the ball up
again. We're all guessing at some level, of course, though
some guess with better insight than others. My insight is
minimal, which I'm trying to overcome.

So, thread, a challenge: Suppose things work out for the
worst. At each point, I mean. How do we cover that
eventuality? At what cost? Etc. Maybe these aren't the right questions. If not, what are?

Specifically, Herm, in your best opinion (and your guesses
are better than most I observe), suppose this isn't early
house cleaning but something else -- whatever's worst. What
then? This is only an example of what I'd like to see us
discussing, but an important example IMHO.

Regards
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