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


To: Uncle Frank who wrote (29448)1/17/2001 5:30:30 PM
From: im a survivor  Respond to of 65232
 
<<>> sheez, every time I think I have this market figured out, she comes back and slaps me in the face.....
Now that Limtex has started to grow optimistic, it appears you're auditioning for his old job as Market Moaner <lol>.

Actually, you're in damn good shape on extr. Based on your posts, you bought extr for 39 just a few weeks ago, sold January 50 covered calls for 4, and closed them out at 1/2. That leaves you with a cost basis of 35 1/2, and they are trading in the after market at 41 1/2 - a return of 17% in less than a month. Mr. Market can slap me like that anytime he wants <gg>.

uf >>

Agreed....yep....average now at about 35.5, so I guess I shouldn't complain.....and dont you worry....I will never be a limtex...I have enough trouble just being myself<ggg>

Seriously...I guess I am bummed because earlier the stock was at $52 and I was looking real good...I was so close to covering at that time with feb 60's or 70's, but didnt do it as I fugured extr was moving higher along with the naz....so, yes, a little bummed....would have preferred to see her stay near $50, but aint much I can do about it......

I guess I 'll hold the fort down and plan on buying more if she drops.........

thanks

keith