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

To: surfbaron who wrote (2912)	11/6/2001 6:38:18 PM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 5205

Surfbaron, You have the Nov 50's long? Or short? If long, I would wait for the usual drenching during the first hour and then sell on the usual rebound. If short, I would just stay short with the chance that you can cover your short between now and expiration at a fairly low price. In fact, you might see the Nov 50's expire worthless. But, on the other hand, the report and conference calls give a lot of hope to the bulls, especially when one looks out into the year 2002. Lots of growth out there and Pegaso will finally pay off. I am short the 2003 January 60's and will be looking to cover during the bloodbath, as you put it.