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

To: Knighty Tin who wrote (82181)	7/7/2000 6:48:09 PM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

Michael, this broker allowed cash secured puts and spreads. I don't have any idea about the commissions or their reputation. stockoptions.com Regards, Barb

To: Knighty Tin who wrote (82181)	7/10/2000 8:11:24 PM
From: Sanjay Mazumdar	Read Replies (1) \| Respond to of 132070

MB, Thanks again for the time you take to answer these questions. I have been doing some work on how to implement some of your suggestions. Thanks for the tip on unwinding the options early. Like you said if I can make 40% annualized over my portfolio. I won't be too worried about anything else. <g> I have been buying and selling ALLR, VIGN and BVSN for the last 1-2 years. Currently I believe ALLR has the best hope ( mix of valuation and business plan). Hence the question of how to play ALLR long best for the long term ( next 3-4 years). The lopsided long stock approach sounds interesting but I don't think I would ever get any sleep <g>, so that choice is probably <g> out. ( Though I plan to put some numbers through it to figure out my down side on this one. ) Since ALLR does not have any leaps I am thinking it may be worth to put some money in the stock outright and some in buying call options 50, 55, 60 for August, October and Jan 2001. It should be interesting to figure out the optimum strategy here since even though I am optimistic about the company I think the whole market is significantly overvalued. I will let you know on what I finally do on this one and get your opinion.