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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: jw who wrote (11221)	7/18/1999 1:29:00 AM
From: tuck	Read Replies (1) \| Respond to of 14162

jw, Couldn't stop myself from chipping in here. It might be safer to buy into companies that sell the ebanking software to banks going online, in the same way that the guys selling shovels and picks to the 49ers made more money than the vast majority of 49ers. You might look at EDFY. It is soon to be merged into SONE and FICS, the premier ebanking software vendor. It is selling at a discount that reflects the risk that the deal might not go through: ~ 10%. The chances that the deal will fail are virtually nil. Still, you might need a ten foot pole for this one. It's been a wild ride (mostly because circumstances forced me to use more margin than usual), though profitable. I'd say under 13 is a good entry point. If it hits 12 1/2, the premium on August 12.5s should still be well in excess of 10%. Do your own DD, of course. Cheers, Tuck