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To: y2kate who wrote (1843)	1/28/2000 10:20:00 AM
From: edamo	Respond to of 8096

y2k...selling covered calls if you sell covered calls, you must first conclude that if called away you will have no remorse accepting the strike price plus the premium in exchange for your stock. basic decision to sell covered calls is if you no longer want the stock, or believe the stock is in a sideways to slight down trend. i look at risk differently then most...."risky to lose shares"....in my mind as long as i profit no risk exists. can't predict future, can't spend "lost opportunity", can use profits to establish new opportunity. understand that at some point in time momentum slows. always time to ride the next break out wave. it's a matter of discipline and belief in your investment style. the belief comes with success through experience, which equates to confidence....but with confidence, you must remain egoless, and be quick to admit a mistake. small mistakes won't hurt....large ones can be fatal. good luck..ed