Discussion in 'Stocks' started by gilch, May 12, 2008.

  1. gilch


    licking wounds on this POS ...
    cant say it wasnt expected ..
    with covered call writing over past few months my basis is around 7.70 actually
    question is ....
    the call premiums are a joke now and no1 is buying contracts at 7.00.
    I understand short term the outlook is grim. But im stilll long 2500 shares.
    am i safe from here still long?
    Have we seen the worst (or very close to it) from this sucker?
    again, not looking for any short term gains, and the $ in that position isnt handcuffing me from taking any other positions .... so, hold here? or cut and run?
  2. magicz


    why would you want to sit on dead money?
  3. Dude, you are the King of Pain. :)
  4. NCC... along with CFC and WM alone for the past 7 months shorting wise was .... WOW!......