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Re: Elmer Phud post# 18298

Thursday, 11/20/2003 8:29:05 PM

Thursday, November 20, 2003 8:29:05 PM

Post# of 97835
I hate buying back at a loss too, but I'm anticipating more of a pullback tomorrow and maybe beyond. My loss was not significant. In retrospect I went outside my usual strategy by writing the 18s in the first place. I'm just backing off my bullishness for the short term. I will be looking for a reentry point for writing more puts, but I'm probably done buying calls for a while. It was a good run I had. No need to be greedy.

I'll definitely be checking out Schwab and others (Cybertrader) soon. I have to unload some more before I can fund a new account to my liking (need lots of equity for effective put writing). I'm too lazy to do a transfer of stock.

HailMary

HailMary

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