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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (949)	6/15/2000 4:35:00 PM
From: Yogizuna	Read Replies (2) \| Respond to of 1612

Sometimes with the tech stocks the best thing to do ia a "buy/write", where you buy the stock where you like it, and then sell the call the next strike up about five months out or longer. The premiums are usually fat, and as long as you pick a stock that has a solid track record like CSCO, LSI, etc, etc, you should do alright. I even do this with stocks like SFP and FTU. When the stock moves up substantially, I either buy back the original call and write another further out, or buy back the call and sell the stock. If the stock goes sideways, I just write another upon expiration. If the stock goes down substantially, I either buy back the call at a much cheaper price than I paid, then wait for a recovery and write another, or just let it expire and then write another. If this is done properly, one can actually own the stock free in three to five years if it is not taken away at a profit. Yogi