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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: peacelover who wrote (8084)4/6/1998 12:35:00 PM
From: Seth Leyton  Read Replies (2) of 42804
 
Peacelover, you can always sell out your stock and buy back the calls. That is one option of many. That is why they are called options because you have more than one guess...ie UP? or Down? But most people don't because they get emotional thinking they have made the wrong move. I have written 25 calls on a portion of my position...20-30% each month for the last few months always at the 25 strike. When it goes higher I do not flinch. When I got called out at 25 before earnings...people i know (not anyone on this thread) said I had sold to soon. When I bought stock back lower than 25...THE DAY AFTER EARNINGS...which was too early as it turned out...people wondered how I knew it was going to fall. I didn't obviously and was just lucky. But it would have made me happier to have just sold that part of my position and watched the rest go higher. I'll never call the top or bottom of any move in any stock so I sell a little on the way up and buy a little on the way down. It's not averaging...it's just caution. The covered call and the short put are my tools. I buy stock cheaper than it's trading and sell it higher than it's trading. When I'm wrong I own a stock I wanted to buy or sell a stock I wanted to sell.
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