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To: jopawa who wrote (7546)9/28/1998 8:01:00 PM
From: MileHigh  Respond to of 93625
 
John,

Now you are getting my thoughts. I don't know what is going to happen, obviously, but I had my reasons to sell the calls just like you had your reasons to close your position today. BTW, great job on the trade.

Todays action makes me feel better about selling the calls. But do I know what will happen tomorrow or the next day? Nope. Although I have a feeling we are seeing some real concerns about the Fed not lowering rates. Besides, I listened to AG, and he was not very clear about lowering rates "the next week". Come on, it might be next month, the Fed usually moves like a turtle!

MileHigh