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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (10528)	4/24/1999 2:10:00 AM
From: NateC	Respond to of 14162

Good points Dan. It all depends on how "high" you are on the underlying. If you think it's super...it might be worth it to buy back....otherwise...you've made a good point for closing the position. It's my longer term equity investing background coming out here...I've done a fair bit of buying blue chips and CCing those...and I'm trying to shift into the WINS mentality. I'm making it, gradually!

To: Dan Duchardt who wrote (10528)	4/26/1999 7:38:00 AM
From: Herm	Respond to of 14162

Very good outline of the "nut" Dan! I recall getting email from lurkers that were in trouble and needed a clear mind. What struck me was that they all seem to not know their net cost basis when I asked. They replied, "I know I'm losing money, but, I can't tell you how much." Was it a mental thing that they really didn't want to know or was it that they had a poor management of their resources? Perhaps, they only expected the stock to move up and they would not have to think about a negative prospect. That is where I coined it the "nut" for lack of a better word. I'm sure I read that somewhere anyway.