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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (12164)	4/2/2001 3:13:10 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 13572

next sector which will be a good short -- REITS the decline in real estate is this autumn's headline vacancies are rising for commercial real estate layoffs (then housing) are rising in employment arena / jim

To: Jim Willie CB who wrote (12164)	4/2/2001 4:26:07 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 13572

>> are your underlying shares descending faster than covered calls that protect them ?? You bet. But covered calls aren't intended to be a hedge, just an income generating play. In the ideal case, the premium will decline as a result of time erosion, not as a result of the underlying crashing. But since I'm dealing in core holdings which I've already decided to hold through this bear cycle, I view the cc revenue as a nice serving of gravy, as well as a psychological lift during a very depressing period. >> April earnings reports will undermine this 2nd half optimism and that will take most indexes considerably lower That seems to be the a widely held expectation, which is the very reason I distrust it. But in any case, I'm relying of the performance of a very small set of what I judge to be superior companies, not on an index. None of them have warned thus far (knock wood), and it's possible they may outperform the indexes. >> this rout will not be over UNTIL THE PUBLIC HATES STOCKS I'm a public, and if I'm any indication, we're there. >> springtime in SanFran ? Very. I reloaded the hummingbird feeders last weekend, and my backyard choir of Anna's Hummingbirds have responded with some fine performances <gg>. uf