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

To: Dr. Id who wrote (1081)	6/19/2001 12:49:47 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> That's because I was an idiot. I believe "dummy" is the preferred descriptor on this thread, and there is no justification for using the past tense :-). I'm considering selling some sebl July 45s today, while the software sector is buoyed by the orcl report. I note, however, that sebl's estimated report date is July 18, and options expiry is July 20. duf

To: Dr. Id who wrote (1081)	6/19/2001 1:46:07 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 5205

Dr. Id, EVERYTHING was overpriced then. Almost everything is oversold now, or near the bottom of their price ranges. I agree with Frank. The basis of your opinion is almost exactly the same as the basis you had a year ago. A year ago you didn't think everything was overpriced. Now you believe almost everything is oversold yet you don't explain why your opinion was wrong then and right now. Don't ignore the valuations that indicate stocks are still significantly overpriced. The fact by itself that a stock is selling for one-half to one-third the price that it was selling at a year ago has absolutely nothing to do with its current relative value. As for trading ranges, you no doubt thought throughout most of 2000 and part of 2001 that the trading range was an indicator of risk, only to find out that trading ranges got lower and lower and lower. You might indeed be proven to be right, but not necessarily for the reason you are mentioning. Just my opinion. --Mike Buckley