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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (211382)12/25/2002 10:41:55 PM
From: Joan Osland Graffius   of 436258
 
ild,

I had an interesting discussion with one of the folks communicating that I was watching MO or other tobacco companies for a trade at a 9 or 10 percent yield. I further said I would buy the stock and put on a spread selling calls as far out as I could and using that capital to buy puts, therefore insuring preservation of capital and get a 9 or 10 percent return. This person thought I was out to lunch being happy with this kind of a return. There is at least one person out there that thinks 10% return is not acceptable. Wonder how long it will take these folks to wake up!!!!
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