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Technology Stocks : Softbank Investment International (HK0648) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (229)	3/12/2000 6:19:00 PM
From: TobagoJack	Read Replies (1) \| Respond to of 615

Let's say MO goes to 25-30, my shares gets taken away at 20, $1 more than my original cost of 19, I also get to keep the 10% dividend (about $2), and I get to keep the $8 premium, netting $11 on cash out now of $11 ($19 - premium). 100% return. If MO goes to $15, some one will force me to buy at $20, doubling my share count. I still get to keep all of above premium and dividend. My MO cost basis would be (19+20-8-2)/2 = 29/2 or 14.5, $0.5 below the then price of MO (15), sell and net 0.5/14.5 or 3.4% tea money. I do not mind tea money, because I do not mind buying MO at 20.