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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: the dodger who wrote (828)	5/29/2001 6:32:30 PM
From: Judith Williams	Read Replies (1) \| Respond to of 5205

dodger-- There are two kinds of investors.... You left out artful from your moniker. Investing is a little like raising children. Eventually you process the message--you are dumb and getting dumber. --Judith Williams

To: the dodger who wrote (828)	5/31/2001 2:36:38 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 5205

I think your post was very sensible. I'd like to add one more point, though. Of course we want to hold a stock forever, as long as the fundamentals look good, but IMHO we must sell if the price gets unreasonably high. We can hope that it won't get that high but if it does we should sell and pay the capital gains tax. The expectation would be that either it will go back down and we can reenter at a substantially lower price OR we can buy something else, as good or better considered as a company but not priced not so insanely. The idea is to conserve capital.