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To: Voltaire who wrote (5873)3/2/2000 3:14:00 PM
From: T L Comiskey  Respond to of 35685
 
Yes...thats how I read it....but its cash in hand.....and a long time hold...next correction...he can buy back and wait for the next run up...



To: Voltaire who wrote (5873)3/2/2000 3:58:00 PM
From: hroark2000  Read Replies (1) | Respond to of 35685
 
Voltaire: I have a question. Suppose you buy 100 shares of a stock for $100 p/ share and turn around and write a cc for a $10 premium. At expiration the stock is trading at $90. What strike price do you write the next cc at? Do you write at the money or would you write at $100 again. Is this personal preference as far as what type of return on investment you expect. Thanks.



To: Voltaire who wrote (5873)3/2/2000 4:03:00 PM
From: r.edwards  Read Replies (2) | Respond to of 35685
 
Any word from Jim Willie on ELON show ?



To: Voltaire who wrote (5873)3/2/2000 5:39:00 PM
From: Bruce Ravelson  Respond to of 35685
 
Hi Tom,
In the spirit of sharing our experiences, here's a follow-up to my post last night.
I bought back my April 80 CC on EMC and sold the 02 80's for about a 17K credit. Now what? With so much talk about a pullback (possibly an extended one), I'm hesitant to go long at this point, above and beyond my core portfolio (QCOM, JDSU, NOK).

I'm learning from others' posts on how $$$ can be made in this market. Thanks to all.
Bruce