Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (4272)	3/6/1998 2:42:00 PM
From: McNabb Brothers	Read Replies (1) of 18691

Roger and all, As of now we have sold covered calls on 100% of our longs that trade options, which is about 75% of our total core holdings! The other 25% includes some preferred stocks and fixed income securities and a few companies like FSTW! If we get our stocks called from us we will be happy with the cash, for we do not have to be invested in the stock market as most people feel as they need to be! There are many other places to put ones money besides the stock market! Right now we are more concerned with the return "OF" our capital than the return "ON" our capital! As of now %4 1/2 to %5 in money market is very nice as far as we are concerned! I my be a fool to get out now, but I do not want to be the greatest fool, as the greater fool theory goes! We are also holding on to most all of our shorts as of now also, but it sure hurts! Hank P.S.-Roger it is really funny that the stock that you have been blasted the most by shorting it is doing the best! (CTXS)!

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