Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Trebor who wrote (3582)	2/22/1998 1:47:00 PM
From: MrCash	Read Replies (2) of 42834

With my VERY low cost basis in Intel, IBM, HWP, AMAT and Msft, I would consider selling covered calls when their valuations get too lofty but I hear that this will make you take a capital gain on the stock and readjust your basis. NOT something I want to do - adjust my basis up 2 to 6 times and pay taxes! Anyone know for sure the tax implications of doing this? regards Kirk out

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