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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (50342)	3/7/1999 2:06:00 PM
From: wlheatmoon	Read Replies (3) of 132070

MB, I saw you did a buy write on NEM recently. Why the Jan 2001 options? Why not write a shorter term call and make repeated writes if NEM doesn't appreciate as quickly. If it does and you remain bullish, just buy more if the stocks are called away. Also, writing them leaps seem to have limited your potential gain from a commodity that appears to have bottomed. My take on gold would be to buy and write shorter term calls. What am I missing besides 6 ounces of neurons?

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