How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: TobaccoMan who wrote (9247)	12/8/1998 5:17:00 PM
From: k.ramesh	Read Replies (1) of 14162

Count yourself blessed, and hold on forever. I too have considered calls on WMT, but if you get called wouldn't you have to pay taxes on those huge gains. I think many of the gorrilla stocks are so high simply because the long termers cannot sell it because of huge tax bite and it creates a scarcity. There was some one else who sold calls on INTC and it ran away from him, I wrote calls on EMC and bought em back at a loss, which eventually turned out OK because of its continued run up. Do not stand infront of these freight trains when they get going. Especially the quality ones like WMT. Their IT infrastructure itself would probably keep them ahead of their peers for a while. Now trash like MU is another story. I wrote July 55's for 10 today, betting that it will crash back in the next six months when Kurlak or someone else thinks its time. But what do I know. Ramesh.

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