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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Tom Halkar who wrote (8870)	11/5/1998 3:03:00 PM
From: jebj	Read Replies (1) \| Respond to of 12039

> Wade Cook tells you all the wonderful things about covered calls, but leaves these important details out. You sell more books that way. - Tom Now, come on, Tom - no one would do something like that! :) As usual, good advise. I don't, however, understand why the broker would care if you sold a stock you had sold a call on IF THE STOCK WAS DOWN from where you purchased it. All you need do if it starts back up is buy it back - at less than what you sold it for and a profit! Also, if you kept enough money in account to cover the call, why would it be a problem? But then, whoever said that things with brokers should make sense, huh? jb