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Re: Dances-W-waves post# 201983

Friday, 02/06/2004 4:44:35 PM

Friday, February 06, 2004 4:44:35 PM

Post# of 704041
FWIW, if you have a longer time frame in mind, you can write covered calls to recoup some, if not all of your losses and then some. Particularly if it is a high beta stock, as the options will them have more premium. That's what I did with ZRAN after 3rd Q earnings turned out to be a disaster .... kept writing covered calls from Oct through Feb, until I eventually sold the stock right near where I bought it. Normally, I try not to hold a stock through the earnings report (too risky), but ZRAN was supposed to be longer term investment.

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