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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Bob Pittsfield who wrote (27301)12/27/2000 12:10:16 PM
From: im a survivor  Respond to of 65232
 
Thanks Bob.....at this point....down from $120, if she drops further, I will just let it sit and either buy back cc and write again, or just let expire and write again. If we were above $60, I would be concerned about a dump, but heck, below $40, I will probably just keep buying and keep writing if it drops. I think eventually extr is back above $100....don't know when, but hopefully one day......

thanks,

Keith



To: Bob Pittsfield who wrote (27301)12/27/2000 1:20:33 PM
From: andyama  Read Replies (1) | Respond to of 65232
 
Hi Bob,
When you put in a tight stop on a stock that you have written a call on and you sell the stock because it tanks, if it stays down then you are ok since you won't be called out. Have I got it right so far? Now about being naked, you could get into trouble if the stock rose back up and you didn't buy it back and then get called out. Whats the worst possible scenario? Thanks.

andy


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