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Technology Stocks : SYQUEST
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To: RagTimeBand who wrote (5781)3/3/1998 8:14:00 PM
From: Dale Stempson  Read Replies (1) of 7685
 
**OT** >>>Re selling your IOM: I've been having some luck writing covered calls. Why did you sell instead of writing calls?<<<

Good question. I went back and forth a few times prior to selling because I considered selling the calls with a number of long term holdings. The bottom line is that I've been selling quite a few of my individual positions lately in order to build up some cash to have on hand. I almost never trade on margin (I like to sleep), and believe that their might be a short-term pull-back in the tech sector as we begin this pre-announcement period and continue through quarterly earnings. I want to be able to participate as much as possible if this happens. If not, well, that's the name of the game.

Regards - Dale
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