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Technology Stocks : TECD - Tech Data

TECD 144.90

0.0%

Jun 30 5:00 PM EST

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To: BBoron who wrote (71)	2/3/1997 7:45:00 PM
From: Herman J. Matos	of 584

Hey BBoron, What I hear you saying is that you need TECD to go up in price in order for you to make a profit or more profits! Yes, check out my previous post about covered call writing! You may be passing up one of the biggest money making strategies around! Please listen to this! Sure, I would like TECD to continue moving up in price! But, I'm still making money off those covered calls EACH MONTH! Why would anybody want to past up $175 to $250.00 per 100 shares of TECD every month? VERY EASY MONEY! And, every single time I collect those hundreds of dollars my TECD cost basis is reduced! If I get called out they are doing me an favor because I'll still make a profit selling the stock at the strike price I set and keep the call premium to boot! Brian, that is a no brainer! Cash flow in your account is JOB#1! You have to build up your cash reserves every chance you get! Your working capital is what keeps you in the game! Have you ever considered covered calls. It so safe that it is the only option selling strategy allowed in IRA and 401K pension plans that trade in stocks!

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