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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Guy who wrote (4399)	8/16/2000 12:41:20 PM
From: Zeev Hed	Respond to of 30051

T is a steal from a fundamental point of view, but the chart stinks. It is selling at book and thus as a long term play on communications and cable as well as the internet, it is a very cheap play. Book (just under $30) should serve as a floor and if they split the company the cable assets should bring in much higher valuations. The way I would play it is writing covered options every quarter out of the money (Oct 35 for more than $3) and wait until the trend change collecting the premium and the dividend. Zeev