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

To: alburk who wrote (3693)	4/22/2002 3:48:56 PM
From: Mike Buckley	Respond to of 5205

Andy, GMST is pretty beaten up to cover? Yes. On the one hand, I'm not particularly optimistic about covering for the reason you mention. On the other hand, the factors that I believe pushed the price down will continue keeping it down. (The one wild card is a quick and favorable ITC decision.) Regardless, it's the only stock in my taxable account that, if called, would now actually generate a tax loss. So it's no big deal if it gets called in that account. Regardless, my order hasn't been filled so it may all be moot. --Mike Buckley