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

To: pater tenebrarum who wrote (1257)	7/15/1999 10:33:00 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 1377

heinz, Another one I watch! I'm selling options on some of the internets on the bounces and have naked calls sold on NSOL along with YHOO, AOL, AMZN, and CMGI. Hank

To: pater tenebrarum who wrote (1257)	7/15/1999 11:20:00 PM
From: Cathedra	Read Replies (1) \| Respond to of 1377

I am just miffed, I guess. I wrote July $80 calls for $6 7/8 on my long-suffering NSOL position. I had a chance to close it out on Monday for 3/8, but tried for 1/4 and was unsuccessful. Of course, it made a big move today and, with 1 day to go, the premium on this call was for a while over $1!! Tomorrow morning, I'll have to cover for about $3 (at least there won't be any premium!). That will teach me to be cheap. What do you make of this rally? I can't see NSOL shooting past the July high of $87, especially against the general backdrop of Internet weakness. But this past winter NSOL led the Internet stocks out of their doldrums. I originally planned to write another covered call, but now I will wait a bit until I have a better idea of NSOL's direction.