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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (29528)	8/18/2000 5:30:47 PM
From: im a survivor	Read Replies (2) \| Respond to of 35685

<<I statement only pertains to those who desire to buy back rather lose their stock. Yes, let them just call the damn thing and reassess.>> I know what ya meant. I debated rolling up in my rmbs today but said screw it...I am playing the casino. The object is to make money....collect premium. Well, I didnt want to buy my rmbs calls back for $8, only to write them for a little higher strike price and gain $2 in premium. I'd rather let the stock get called and not spend a penny. I paid $70.50, got $6 for the $75's, so I made $6 on pemium, $4 on stock, or 14% overall. I will now re=evaluate, just as you said. I will buy rmbs back......maybe lower, maybe higher, and will write CC's a little bit OTM, as I think rmbs is going higher so i am willing to maybe take a little less upfront in premium but have the stock called at a higher price.... anyway.....just trying to keep things simple. I mean, if you do the math, you are absoltely correct. If you can collect 5 - 10% on your money monthly, it's just a no brainer. It's when things go sour that ya need to know what to do. have a great weekend...you and the wholeporch keith@takingitdaybyday.com