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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (35446)	11/6/1998 1:33:00 PM
From: Knighty Tin	Respond to of 132070

John, If I like the stock, I tend to roll out in time and up in strike price. You have to remember that that four-bagger is now not just a profit, it's a risk. I would rather take 10 points off the table and buy a further out $25 call. BTW, I recomment that you don't invest your entire stash in the roll. Just roll out the same number. If you had 10 12 1/2s, buy 10 25s, not 40 25s because you have more money. Pyramiding looks good to the one or two people who make a lot of money. But for the 1000s who try it and see their profits disappear, it is a bad deal. MB