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To: Jill who wrote (5730)	3/29/2000 11:22:00 AM
From: PAL	Respond to of 8096

Jill: I am still groggy from a birthday party for a friend which went to early in the morning (see the time I posted to taxman). My mind is still fuzzy right now. However, I would do a disservice if I don't post one of the basic risk of CC: TO THOSE CONTEMPLATING SELLING CC USING VOLTAIRE'S METHOD, CONSIDER THE FOLLOWING: you are first buying the stock (and leverage it with margin) then sell CC on the stock. What are the basic risks? a. margin: becareful with that b. you want to buy stock when it is oversold c. you want to sell CC when the stock is overbought So, if you want to buy stock and then sell CC you are taking action of the opposite situations in b) and c) There is no free money. As long as you are aware of the risk. As you know I am not suggesting one method over the other. Ed illustrated well: it is a smorgasboard you can sample each one and get second on the ones you like. Back to sleep. Paul -