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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Marq Spencer who wrote (111)9/3/1997 1:03:00 PM
From: Melissa McAuliffe   of 206
 
Brian,
I am glad to see you're still here. Though I hope we don't see 6, I agree that it is certainly a possibility. Which will make it harder to write the calls because the 10's will probably be trading at close to 0, which means you either have to consider writing 7 1/2's which doesn't really help to reduce your cost basis if the option is exercised. Or write longer term 10's. I was planning on writing short term 10's for some time and just hate it when my strategy is blown. I guess I'm just thinking ahead here. I don't think anything people say on these threads should be construed as sticking your neck out because, after all, it's only an opinion. I would personally like to see more people stick their necks out and thus get totally disparate opinions to consider. By the way, I felt like I was sticking my neck out when I said it was going to go under 9 when everyone else was saying it was basing at 9 prior to an upside breakout. I think that sometimes people get long on a stock and just don't keep analyzing it the way they did before they purchased it. Do you follow BAAN? Am wondering about this one.
Melissa
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