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Technology Stocks : Network Appliance

NTAP 111.56

+2.1%

Nov 28 9:30 AM EST

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To: tfrugal who wrote (6565)	2/12/2001 12:26:58 AM
From: Uncle Frank	of 10934

I couldn't agree with you more, tf. Most of the disagreements are based on differences in investment windows. >> They feel that big money can be made by calling those trends: in a range bound market how else can you do it? By recognizing the upper boundary, and selling covered calls when it is approached. In this way you can realize a revenue stream while retaining long term positions in great companies. The current bid price for ntap March expiry 40 strike price calls is $5, which is 13% of the value of the underlying common. If I felt ntap was at a peak (which I don't!), I would be selling those calls against my holdings. uf

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