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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?


To: Joe Waynick who wrote (23)7/7/1998 9:53:00 AM
From: grenouille  Read Replies (1) | Respond to of 355
 
Joe,

Clear as crystal. Thanks for taking the time to spell it out for me. I see what you mean about a "cash-flow generator". Great strategy.

-Bob



To: Joe Waynick who wrote (23)7/8/1998 9:58:00 PM
From: Vol  Read Replies (1) | Respond to of 355
 
>> If it goes down again, or if at any time the stock pulls back 15% or more, I'll implement repair actions as described by McMillan and exit my position with a break even. >>

Please elaborate on this point. Heaven forbid, CSCO falls back 15% to 79. Exactly how would you "break even?"

Vol