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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (18872)	2/15/2000 11:37:00 PM
From: Ken W	Respond to of 29382

Sergio, LH: Then we agree compadre. Strong companies buy back their stock or pay div. to attract investors. My other problem with the upgrade is why (and how often) do you see an "upgrade" on a 4 dollar stock? IFLO "smarty pants's" <gggg> Does he live in Kansas? If there is no renewed institutional interest then the stock will sit where it has been..just like IFCI did and I understand the reason ;-) HBI call options. Will do. As you know I hold a lot of shares so do not see much downside to the options play. Interesting that the open interest increased from 1151 to just over 1200 contracts in the last 2 days on the Mar. 5's also of interest is that the board has now added Mar. 10's, matching puts. pcquote.com I know that under 10 options move in 2.50 ticks. It is my understanding too that once optionalble always optionalble...is that correct? Ken

To: Sergio H who wrote (18872)	2/16/2000 9:58:00 PM
From: Sal D	Read Replies (1) \| Respond to of 29382

Sergio, If you choose to hold your shares, I would like to suggest selling the short term covered calls at the strike price of 5 before the time premium is expired and buying back the options when the premium evaporates. This strategy would give you a handsome payoff each month until the stock makes a move. If a short term move comes, you end up with a 60% gainer. If a short term pop isn't in the cards, you collect the premium each month. Sound advice IMO. Money for nothing,chicks for free. That is if you find a cooperative chick <gg> Joe P.S. Not on this stock but how about the buy stock with ratio call spread. Did you ever do that one, interesting. P.S.S. I don't see an island on MXTR.