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To: Voltaire who wrote (8020)	3/17/2000 5:26:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 35685

So essentially...in a quick nutshell...your strategy is basically to buy, write atm's ( I assume for the current or following month expiration ???)and be happy with the guaranteed premium. If it gets called, it's gone with maybe a tad more profit. If the stock drops, either sit tight, or buy back the cc's for lower and keep writing em' atm ?? Is that it basically in a nutshell ? Thanks.....Keith

To: Voltaire who wrote (8020)	3/17/2000 5:59:00 PM
From: stockman_scott	Read Replies (2) \| Respond to of 35685

V: ...'fund managers say blue chip revival likely to last'...FYI... <<By Cal Mankowski NEW YORK, March 17 (Reuters) - Blue chip stocks could become magnets for hot investment money after this week's dazzling rebound in the sector, say fund managers. During 1999 and early in 2000 Tech stocks have been drawing much of the momentum money that chases performance but, argues Howard Kornblue, senior vice president and portfolio manager of the Pilgrim MagnaCapFund ``we expect to see money come out of those stocks into safer, more predictable areas.' As for the blue chips, ``we think that net net this is a real move and the vast majority of the gains will be sustained,' Kornblue said. ``A lot of the stocks that had these big moves had been really beaten down and became very undervalued.' Among diversified stock mutual funds tracked by Lipper Inc., multi-cap value funds rose 6.28 percent for the week ended March 16 to beat other value categories. Growth funds were in the doldrums with small-cap growth funds losing 7.61 percent in the week and mid-cap growth funds losing 7.20 percent. Large cap grwoth funds did better, losing 0.50 percent. But among all of the diversified fund categories, equity income funds had the best showing for the week, up 6.62 percent. The equity income group is down 2.91 percent so far in the first quarter of 2000. Among sector funds, high-flying science & technology funds were down 8.48 percent in the week, according to the Lipper data. Also in the losing column were telecommiuncaitons funds, down 5.33 percent for the week, and health/biotechnology funds, down 4.62 percent. Among the sector funds, those investing in financial services companies were the leaders, up 11.73 percent for the week. But on a year-to-date basis, health and biotech funds are up 26.01 percent to lead the pack. Close behind are science & technology funds, up 25.09 percent while telecommunication funds, up 17.09 percent. Among diversified funds, small-cap growth funds are up 24.03 percent year-to-date and mid-cap growth funds are up 23.84 percent. James Atkinson, managing director and head of the U.S. business for Investec Guinness flight Global Asset Management, said the turnabout in fortune between the techs and the big capitalizaton blue chips was not a complete surprise. ``This divergence between the Nasdaq and the Dow was in my mind something that couldn't last forever,' he said. He said the rebound in blue chips was actually a ``healthy thing' for the market." That's not to say that investors have lost their appetite for hot tech stocks. A Wireless World Fund launched a few weeks ago by Guinness Flight raised $23 million through the middle of this week. The switch in leadership among U.S. stocks came as investors geared up for a widely-anticipated rise in U.S. interest rates. The Fed is expected to move short-term interest higher for the fifth time since June when its policy group meets Tuesday. On Thursday, the European Central Bank raised interest rates for the second time in 6 weeks. Despite the interest rate activity, Dreyfus Corp. chief economist Richard Hoey at a press briefing on Thursday said that ``we're in a sustainable worldwide economic expansion.' He said the Fed is trying to slow a U.S. economy that is growing too rapidly and is not tightening because of any surge in inflation. He added that he expects The Fed to complete its tightening by July. He said that the Fed's rate moves have a lag affect and there are already some early signs of a cooling of the economy although for now it is growing too rapidly to suit the Fed. Lipper, which provides data and analyses on the investment management business, is a Reuters Group Plc company.>> Have a good weekend. Best Regards, Scott