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


To: Andrew N. Cothran who wrote (1583)7/22/2001 12:28:23 AM
From: TShirtPrinter  Respond to of 5205
 
Great play Andrew.

Here's a slightly different twist to our CC's.
After patiently waiting for what seemed like ages for a move on several stocks, Thurs.,July 12th we got the pop I had hoped for. Sold QCOM July 65's for 1.30, 70's for .30, SEBL 35's for 2ish, and RFMD 25's for 1.00.
Then I got up and caught a flight to Vegas on Fri. Don't ever do that a week before expiration. My compliments to you west coasters as I experienced how to get up and catch the market running right at 6:30 am. I felt very lucky to catch as small dip Weds.the 18th and cover the QCOM 65's for $.95.
My feelings were similar to yours about QCOM Andrew, but being out of touch felt really bad.
Not selling more QCOM cc's until after earnings. Anybody buying for a trade?
I missed you folks.

Tony

PS Put about $5 in .25 slots three times and won $6.00 plus my startup. What's that % return UF ? Obviously I'm not a gambler <g>



To: Andrew N. Cothran who wrote (1583)7/22/2001 2:47:11 AM
From: surfbaron  Read Replies (1) | Respond to of 5205
 
Andrew: Forgot to ask, what city in MS. Me, Hattiesburg.

Regarding the Q. I watched in 96-late98 as it traded from 40's to 70's to 40's in quarterly cycles. Any one who thinks the stock would have done what it did after that on it's own are sadly mistaken, and it's no different now. There must be sustained incoming money in to the nasdaq for even the Q to rise. Until I see signs of that all the news in the world is just that.