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

To: ild who wrote (89342)	2/9/2001 12:13:48 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

ild, Heck, you can lock in a profit in a high quality muni money fund, Vanguard or American Century preferred. If it is non-taxable for some reason, a Treasury money fund would be great, and the mgt. co. isn't quite as important in the case of Treasuries. However, if you are willing to roll the dice a bit, I would consider something like a deep in the money buy/write on GE. GE is not my favorite co. and I think their accounting is funky and their pe ratio is still kind of up there. However, it is also not going broke and I hate them less at $45 than I did at $60. Buying the stock at $45 and selling a sixth month $35 strike price call against it is not perfectly safe, but I don't think it is a huge risk, either. You would net about 6-7% in premium plus about 1/2% in dividends over six months. One caveat. If paying back the $20,000 would be a huge burden if GE collapses, stick with a money fund.