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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (81751)6/18/2000 8:29:00 PM
From: Knighty Tin  Respond to of 132070
 
Ike, Not too much. SWC is a speculative stock I like in the low 20s. At this price, it has as much downside as upside, and covered call writes (or secured short puts) work best when there is almost no downside. Also, SWC tends to be a zero/one stock and they work better for capital appreciation than for an income portfolio. So, it wouldn't be a favorite. In the mining area, I'd be more likely to opt for Homestake or Phelps Dodge.


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