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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (12132)	2/26/2001 9:57:14 PM
From: TimbaBear	Read Replies (1) \| Respond to of 78470

Big rally today in ABGX boosted CEGE almost to your strike price. Don't know what your cost basis of the CEGE stock was that you wrote the calls against. I hope you bought it at the lower levels it's been trading at lately. I like writing covered calls in certain situations. One is a flat market and I'm trying to squeeze some extra income from the underlying issue, but I'm OK still owning it or letting it get called. The other is when the issue has had a big run-up and I write an out-of-the-money call and, if it's exercized, I'm OK if the stock is called away, because I've made more than I thought I would when I entered the long position. I haven't done any options for over a year now. I just don't like that ticking clock! Timba