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One thing you can do when you are not sure whether a stock has topped out is to start writing covered calls against it. For example, as I write this JOYG is at 54.10 and you can get 3.84 for a dec covered call with a strike price of 55. Write the covered call. If it goes above 55, you pocket the 3.84 plus the .90 capital gain and you have another 4.74 on the way out the door. If it sags, well, you keep the 3.84.
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I have 500 shares of both JOYG and BUCY. I've held thes...
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rummysfeld
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Rate it | 5-Nov-09 10:27 pm | ||
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Nice problem to have. There is no wrong answer tha...
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skyking6248... | Rate it | 5-Nov-09 10:55 pm | ||
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But don't hogs get slaughered? Am I being hog...
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rummysfeld
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Rate it | 5-Nov-09 11:04 pm | ||
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The biggest mistake that 90% of investors make is ...
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brett_amen | (1 Rating) | 6-Nov-09 11:09 am | ||
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I would hold out. I think it has more room to run...
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thunderdand... | Rate it | 6-Nov-09 02:16 pm | ||
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Re: To sell or not to sell
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norris_3845 | Not rated | 7-Nov-09 06:04 am |
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