Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Patrick E.McDaniel who wrote (30765)	2/22/1998 3:11:00 PM
From: David Weis	Read Replies (2) \| Respond to of 176388

Hi Pat, Rosemary, 3, Sig, Venkie, and the rest.... Just wanted all of you to know my latest round of investing mistakes and how I recovered (maybe you can learn from me??). Back in January during our yo-yo market days, I wrote a covered call on Dell (Feb 95) and received $4.25/share. On this past Wednesday, I bought it back at $17 5/8 per share. Ouch! Okay, so, I took about a $13/share hit, right? But, did I do the right thing? Well, when I consider the action of last Wednesday evening, Thursday, and Friday, I think buying the covered call back was the right thing to do.... david wonders outloud can we ever make money writing covered calls against our Dell stock??? See you all later --- I'm traveling a lot these days. David