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

To: FaultLine who wrote (3076)	11/21/2001 9:49:24 AM
From: JohnM	Respond to of 5205

you can say that again.. Yes, but I think you've done me one better. As I recall, you simply cashed out of the market. I'm dropping back to almost all long term holdings, no (or few) ccs. About a third of the present value of the portfolio is in cash (some not by choice since I'm still looking to buy back some Qcom shares at 45--ho! ho!) looking for the next dip. So it's a little of looking both ways. Try to keep the long term holdings intact in case of a non reversible leg up; keep enough cash for another reasonable dip. John