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To: Michael Kucera who wrote (29213)8/16/2000 10:21:47 PM
From: Voltaire  Respond to of 35685
 
hi Mike,

one of the biggest killings I ever made was when Dell went from $90 to $42 and I took leap money and wrote call on top of call and ended up with 12,000 more shares than I had by writing call on top of call. When the market turned, the time value was no factor and was back to $90 within 5 weeks with twice as many shares and picked up more than 30% of the residual shares by buying back with appreciative value.

v



To: Michael Kucera who wrote (29213)8/17/2000 12:07:32 AM
From: abuelita  Respond to of 35685
 
Hi Mike

"Never give in, never give in, never, never, never, never-in nothing, great or small, large or petty - never give in except to convictions of honour and good sense. Never yield to force; never yield to the apparently overwhelming might of the enemy."
-Winston Churchill


Good quote. I must try and remember it and more importantly, act on it, more often. Sometimes its not the overwhelming might of the enemy you have to be concerned with, but merely the overwhelming might of whatever situation you're in - friendly, or not.

rose