Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: BradC who wrote (15629)	12/13/1998 11:28:00 PM
From: HoyaBob	Read Replies (1) of 27307

Thanks. You're right re trading strategy. But as a long term investor (not sure how much time that means) I'd rather average down in such a situation. Oddly, it has normally worked out well for me with the karmic exception of Venture Stores (may they rest in peace). The real problem with covered calls is on the upside, when you inadvertently catch a rocket and miss a percentage of profits -- but if you're worried about being called, you can always buy back the premium and rollout to another month. The treacherous thing here is monitoring the options markets like you would stocks. Small investors like me should set limits and do "combo" orders, i.e. buy and sell at the same time and give the floor traders a net figure to work with in order to fill the order. Also, most would say to only do day orders on these combos. Cheers!

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