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Terex Corporation Message Board

  • jamessmarson3 jamessmarson3 Feb 12, 2013 10:30 AM Flag

    Another month of being a big loser for, Long Tex, Data Source and Gecco?

    Seems like the people besides Gecco who never admitted it was a good strategy are out of the stock because they decided to be day traders and sell calls.

    Listen to mother James, selling calls for a 2% gain per month is really dumb because you buy a stock to go long and make returns. Buying insurance every month makes little sense.

    Either way this is a scenario where you guys were burned. Too bad my message won't be read since none of you own the stock anymore because u sold calls! too bad!

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    • Not burned at all. Pretty happy actually. As the price gets higher, I like to unload some shares. Just like when the price is low I buy more. I still have a pretty large percentage of my portfolio in TEX, just a little less than 2 months ago. As I said before, I don't sell covered calls on my entire portfolio, just a few shares that I don't mind selling when the price goes up like it has.

      I still think the price will pull back some over the next few months, and when it does, I will have some cash ready to buy more!

20.89-3.440(-14.14%)May 27 4:02 PMEDT