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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (18872)	2/16/2000 9:58:00 PM
From: Sal D	Read Replies (1) of 29382

Sergio, If you choose to hold your shares, I would like to suggest selling the short term covered calls at the strike price of 5 before the time premium is expired and buying back the options when the premium evaporates. This strategy would give you a handsome payoff each month until the stock makes a move. If a short term move comes, you end up with a 60% gainer. If a short term pop isn't in the cards, you collect the premium each month. Sound advice IMO. Money for nothing,chicks for free. That is if you find a cooperative chick <gg> Joe P.S. Not on this stock but how about the buy stock with ratio call spread. Did you ever do that one, interesting. P.S.S. I don't see an island on MXTR.

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