Steve,
That would be one way to do it, but I believe some of the internet stocks will take a greater hit then the over all market! Myself I will sell cover calls on my core holdings and depending how much I think we may correct is depending on how deep the covered calls will be!
Right now I'm still a buyer of a few selected stocks and they include companies such as CPU, FSTW, IFMX, NOVL, STDI, TGLO! On pull backs I would add CSCO and MSFT and for income accounts such as retirement accounts I'm, buying KM pref.T and CD pref.I, then to my core holdings I like DDS, COST, HD, MO, and STEI!
Hank |
