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To: TigerPaw who wrote (75898)10/30/1998 9:45:00 PM
From: MileHigh  Read Replies (1) | Respond to of 176387
 
Tiger,

but you still made $4 on a 65$ purchase for a bit more than 6% in a month. Just don't kick yourself if it goes up to $70 or more. Remember the plan was for 6% and be happy when you get it

That is the key, consistent long term returns -vs- the occasional home run. Theoretically, 6% a month would equal 72% a year, not bad! Maybe not a three bagger, but 72% is not bad either.

Agreed also, NEVER sell calls on fundamentally weak stocks, because you might end up holding them so you better feel good about the long term prospects.

Thanks for your response on RMBS future designs. I hope they are sharp enough to milk this design and then come out with new design, keeping the competition confused.

Regards,

MileHigh