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Technology Stocks : Cymer (CYMI)

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To: daniel yeung who wrote (9705)11/14/1997 2:35:00 PM
From: cardiologist to be  Read Replies (2) of 25960
 
i own 2000 shares of cymi at 26
i doubt we will see this target by dec 25
i wrote 20 covered calls at 1.00 each for dec 25.
if the market tanks again, i can buy them back for who knows (.25 or .5)
if cymi doesn't hit 25, i keep my 2000 premium.
i believe in this company long term so am willing to wait.
beyond 26, i lose my profit, and someone makes out like a bandit.
is this a bad strategy to make some money short term, while still believing in your investment?
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