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

To: ild who wrote (89127)	2/1/2001 6:17:19 PM
From: Knighty Tin	Respond to of 132070

ild, I do occasionally sell out of the money calls on stocks that have had a long run, but, in general, if I am not enthused enough to keep the shares on their own, I am usually looking for either a sale or to turn it into a spread conversion (short at the money call, long out of the money put). I just hate the idea of losing what I've made. There is also some difference between strategies that I use for Maximum Income and stocks I buy for capital appreciation. INCY and BR were both the latter.