Quote: (06-29-2013 12:20 PM)gsinplaya Wrote:
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Thanks for the info. This seems more than I want to risk. I think my best option might be to buy more at a low price during a bad market period and hope the stock picks up when the market rises. That way I can cut my losses at least.
Be careful doing this also...you may dig yourself into a bigger hole if you average into it more.
Do you know how to write covered calls against your position?
Happy to help as I think this is your best option if you would prefer to hang onto the position as opposed to just taking the loss.
I plan on studying covered calls and then calling my trading company. Thanks for the tip. The stock is sort of volatile, but I don't think it's going to ever jump to where I need it to be.