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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 (2497)9/25/2001 4:34:06 AM
From: LindyBill  Read Replies (3) | Respond to of 5205
 
shorting seems like an extremely dangerous gamble.

You could be right, Id. However, when I looked at this market last week, I saw nothing out there to drive it up, and everything out there to drive it down. I won't let a position take me over a cliff, but I think I am OK for now.

I am trying to take small bites, and CYA.



To: Dr. Id who wrote (2497)9/25/2001 8:08:54 PM
From: Uncle Frank  Respond to of 5205
 
>> Any shorting is scary in that the downside is unlimited. With selling puts, while you can lose a bundle (and I have...), at least there is a limit to how much you can lose.

In light of the economy, the time of the year, and the uncertainty related to the horrific events on 9/11 and the reactions they will provoke, I'd be more scared of writing puts than shorting qqq, not that I'm recommending or intending to do either.

bwtfdik?
duf


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