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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (30427)	3/26/2008 5:42:33 PM
From: Debt Free	Read Replies (1) \| Respond to of 78656

I am in the process of trying to set up some revolving covered calls that generally expire within 3 months to generate additional income. The assumption is that the stock will get called when I initiate the position. One of my positions is GM that I initiated today. The actual trade is as follows Bought stock @ 19.53 sold June 17.50 calls @ 3.95 expected profit from options 1.88 anticipated dividends 0.25 total anticipated gain 2.13 or 11% I currently have 3 positions and I am in the process of establishing another 4-6 in the coming weeks / months

To: Paul Senior who wrote (30427)	5/23/2008 9:49:50 PM
From: Paul Senior	Respond to of 78656

GM at new 12-mo. low today. Actually, at a 26 year low. Supplier strike ended, but it'll be costly for GM (lost production). In this recession-environment, it will continue to be very difficult to sell new cars of course. GM burning through cash, according to WSJ article. I can afford a small bet that GM might not go bk and might actually stabilize (the stock price) if management can rationalize the business and/or continue getting good reviews (and sales) from some of their new cars/trucks. I added just a little to my few shares today. I am assuming we USA car drivers will not run out of gasoline even if, or as, the world approaches peak oil.