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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (34289)11/3/2000 1:43:12 PM
From: Uncle Frank  Respond to of 54805
 
>> any action (like selling calls) is a good action, an attempt to limit drawdowns and lock in gains.

No way, Fred. Covered calls represent an extremely weak hedge. They are most appropriately used to generate an income stream for us 'tired folks <gg>.

Usually, the best thing for a Gorilla Gamer to do in reaction to short term market gyrations is precisely nothing. But that's jmho.

Good luck with your trading,
uf


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