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

To: Uncle Frank who wrote (3619)	4/5/2002 11:46:49 AM
From: Jeffrey S. Lillie	Read Replies (2) \| Respond to of 5205

The intent was to hang onto the stock since I had a nice entry and put a bit in my pocket by selling a call . It ran away and I kept trying to repair. The light is getting brighter as I am pretty close to the end of the tunnel. I have subsequently changed my stance. I have let others go if they wanted to fly, as there always seems to be some bad news out there to drag stocks back down again. LUV is one that I lost last expy. Waiting to reenter around 17.5. Since SEBL is kind of breaking down on the charts, I will continue to let it ride a bit more. I think there is a very good chance I can buy the May 25 back for less than $2.00. Good luck, Jeff