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To: Voltaire who wrote (32151)9/7/2000 1:53:05 PM
From: im a survivor  Read Replies (2) | Respond to of 35685
 
<<I will probably write the Oct. 80's tomorrow on half of my new purchases because as you know I felt we would go up today and tomorrow.
>>

Tom, thanks........so I guess you dont think the BUS will make it's big move until nov/dec?? Personally, I am hesitant to write the oct 80's because if she does rise, then I will be forced to play that roll up game...and if she rises alot, it'll cost me to roll up bigtime. On the flip side, if I cover with Oct $80 strikes on shares I got about $90, all I am doing is breaking even if I let them get called. Preferably, I'd like to see RMBS get back to my $90 buy price, and then let me cover...but alas, the market does what it wants, not what I want, so all I can do is come along for the ride, and hope it turns out to be a good one.

keith@doIcoverornot.com