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

To: FaultLine who wrote (3731)	5/8/2002 1:28:07 PM
From: Dr. Id	Respond to of 5205

Dr, Id, Well, you certainly gave me some perfect advice way back in January when QCOM was 45 (now 28). I had said: I'm hoping we can get back to a break even for me then I'm considering pulling out and waiting a while or looking for another opportunity. and then you said: Ken, If you're as pessimistic as you sound about QCOM, why wait for a break even? Why not get out now? I've made many mistakes, one of which was to wait until I was "even" on a stock, only to watch it go down further. I think the mistake that we make when we want to "get even" can be called "ego investing". --dfl@didnotdoitegoandcheckbookcrushed.pov Ken, That's funny, as I was remembering that this morning and wondering what you had done. I guess that the lesson is that when it comes to trying to figure out what we're doing with our investments, we're all sofa king we todd it! :) DrId@wishIfollowedmyownadvice.pov