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  • The Insurance Industry's Invisible Meltdown [View article]
    Well, what can I say, I bought at $6 and wrote the covered call at $7.5. LNC is now almost $9. So, people who buy this low are going to make serious money. LNC does not need a bailout. It just needs people to see the bargain it is.

    Damn, sure wish I hadn't wrote that covered call at $7.5
    Nov 25 14:01 pm |Rating: 0 0 |Link to Comment
  • The Insurance Industry's Invisible Meltdown [View article]
    Let the market correct itself. For example, LNC was down to $6/share and I decided to buy it. Why not, I sold the covered call at $7.5 for the middle of December for $1.30. These kind of bargains will attract buyers and the market will correct.
    Nov 25 09:46 am |Rating: 0 0 |Link to Comment
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