 Quote:
Originally Posted by NW-Bound
I had some coal mining stocks, and wrote calls on them to generate a bit of cash. Of course some guys later walked to the bank with my stocks, laughing all the way. I am going see if I can buy them back, even if a bit higher. It's frustrating when I got some winners, but thought they had topped out, so wrote calls. Of course they are the ones that smarter people would buy calls on.
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For some reason, the people in charge at work decided I should be the coal analyst. I did the research, understood the supply-demand picture and modelled what a big jump in coal prices would do for coal miner cash generation capability (woohoo!). But I never bought a single share of any coal miner, and in fact I decided to pay extra for electricity that is not generated from coal. I am willing to make money any way I can that I feel is ethical. Chopping off the top of a mountain and dumping it into the stream below so you can scoop out the dirtiest energy source on the planet does not pass the test for me. YMMV.
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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