I read some about wcc(write covered calls) but how would this work if $SAN keeps going down.. Im trying to research more so I don't waste your time with this silly questions.

But thanks for giving me some directions.

Yes, if the price drops too much it is hard to write premium (what you get paid) for calls at a strike price above what you paid for the stock. And if the stock shoots up you cannot get the profits above the strike you wrote it at, which is the real disadvantage of cc's.

hello. which broker do you use?

IB and Roth Accounts at Etrade and Fidelity. If you have limited capital initially, Suretrader is about the only route I think can work.

I'm not sure if I understand your question. I have some TLM which pays dividends but other than that, no. I think the move into dividends is going to prove costly to all the people looking for a safe haven who bought into blue chip divy stocks. I'm not even interested in gold or commodities as hedges. Cash is best position for me currently.

I meant dividend strategy. Buy stocks before the ex-div date and sell after the record date. Getting the Div and selling the stock.

Hey no problem, It turn out to be a good pick, but unfortunately I made a mistake while placing the sell order and I only lost the commission fee. Did you get your twitter acct?

Well good luck to you man! I started with 600 so not to much more than you, I definitely have ALOT more to learn with trading thats for sure.

I've held $HTM Over the weekend and I'm still holding.. based on the chart it seems like it keeps the trend for 4 days then goes up or down for another 4 days and changes direction. So I'm waiting to see if I will get some profit or I will definitely lose some money. I need to learn how to read the financial statements.

I'll take a look later on today and get back to you, thanks

They had news of Taglich Brothers getting involve... I was just wondering what effect that was going to have.

I have before. Their fees on penny stocks are atrocious and in general their execution seems poor, but their options and trades up to 1000 shares (???) are cheap at 4.95.