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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Lost in New York who wrote (18577)4/9/1998 10:41:00 AM
From: SJS  Read Replies (1) of 95453
 
Dave,

Interesting analysis and a good point. I always use the lower % projection because I psychologically don't want to think about the stock going below the "current cost", and dipping into my investment money <g>.

I guess I compute it parochially in a very pure sense by NOT adjusting my basis down first via the call premium.

Regards,
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