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Technology Stocks : Network Solutions (NSOL) -- Ignore unavailable to you. Want to Upgrade?

To: Cathedra who wrote (1220)	6/18/1999 5:27:00 PM
From: pater tenebrarum	Respond to of 1377

Tom, writing calls is generally a good idea, especially with 'net stocks, as the premiums on the options are quite generous. of course you have to keep in mind that the risk to writing calls is that you could miss out on some upside potential and that you will be locked into your long position in the stock until either the calls expire, or you buy them back. still, i see nothing in the near future that would indicate a strong short term up-move in NSOL (with the caveat that you never know with these stocks), so i venture to guess that july calls with strike prices from 80 upwards are a relatively safe bet at this stage. check out the options chain, the premiums are quite alluring. when selling calls, always choose a strike price with high open interest - odds are that the price of the shares will be below such a strike price by the time of expiration. once again, this is not a hard-and-fast rule when it comes to this type of volatile stock. regards, hb

To: Cathedra who wrote (1220)	6/22/1999 4:25:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 1377

Tom, NSOL is now nearing the price level where i consider it a buy. per short term cycle forecast the 24th should be a short term low for the market. NSOL could be around 60 by then, which is more or less my planned entry point. there is another period of cyclical weakness projected for the period june 29 - july 7/8. thereafter intermediate and short term cycles are starting to point up and there could be a huge rally once the FOMC hangover has passed. the way these cycles are distributed time-wise would jibe nicely with my expectation of a right shoulder of an inverse h&s forming on the nutz. regards, hb