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Technology Stocks : Semi Equipment Analysis

SOXX 306.14

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To: Cary Salsberg who wrote (11439)	9/4/2003 12:55:31 PM
From: Gottfried	Read Replies (3) of 95632

Cary, re selling lt out of the money covered calls: few things have been more frustrating for me than watching a stock on which I had sold Jan'04 oom calls rise above strike and see the call premium double. Too expensive to buy the calls back, so I'm stuck and the money in the stock is tied up till Jan'04. This is a better strategy in a falling market. Gottfried

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