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

To: TShirtPrinter who wrote (1770)	8/2/2001 5:47:01 PM
From: Boa Babe	Respond to of 5205

I feel fine about the QCOM Sept 70's. I'll be OK if I get called out and I'll be fine if I don't. If I get called out I'll be rid of some very overpriced shares that have been staring at me since a year ago May reminding me how I didn't see that bubble. I'll use the loss to mitigate some other gains for tax purposes. If I don't get called I'll keep the money and run 'em again. I will watch for a really significant dip to buy them back, however. Nothing like having the ol' premium IN the pocket. Is "group think" bad? Or is it possibly the result of a lot of individuals' reasons converging on the same transaction? I'm not going to worry about labels, only my own bottom line..so to speak. dBB