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To: Joe NYC who wrote (73214)3/4/2002 2:21:27 PM
From: bacchus_iiRespond to of 275872
 
RE:"CCs introduce a bit of a mental paralysis. But it is mostly self inflicted. You can always close the position and "free" the shares (in case of CC). Lately, I tend to buy back CCs when the stock (and option) moves lower, when the stock goes back up, I sell CC again."

For me, the most "mental paralysis" is due to Canadian grey zone from IRS about day trader status. To be safe I try make minimum number of trades.

Gottfried


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