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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: alanrs who wrote (5171)	5/11/2011 3:15:16 PM
From: ValueGuy	of 5205

It could work out...based on the fact that it held at 20...but by looking at the chatter in finance.yahoo.com (i know i know...pretty low of me to read their posts...but I was...to say the least...bewildered by the sudden fall in the stock price)...it seems that the 'freefall' of the stock price was only stopped after it reached the 10% mark...then the shorts had to cover, hence the appreciation in price. Looking at the price action today though...won't be surprised if the price does slide lower, just like Jurgis stated....though I would really really really prefer it if it wouldn't! :)

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