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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Spots who wrote (5949)	11/22/1997 3:47:00 PM
From: sailor	Respond to of 14162

Spots Let me tell you my stupidity of the week. (Herm will enjoy this) My oldest son has been CC this last month. He did okay made 6% on his money and this was the first time he ever dealt stock! I was watching a option of his and to keep my screen at live realtime I put in an order to buy 1 at 1/16. Guess what I forgot to cancel and bought at 2:30 PM? Right on! Spending the $6.50 didn't bother me, but the commission did. Anyway his stock retreated 3 pts on Thurs not to recover and he did a double dip (Sold CC, bought back CC, & sold again) in 3 weeks. He thinks anyone can do this anytime, then I sent him a chart of VVUS. He'll probably never trade again. Sailor