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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (53993)	7/10/2001 11:17:22 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 77400

Ed... What you are saying is that a stock drops by 12% from the last purchase then the new purchase should be 112% or the original purchase. Jerome Yes,that is what I'm saying. Cheers

To: Jerome who wrote (53993)	7/10/2001 11:20:46 PM
From: mwj6	Read Replies (1) \| Respond to of 77400

> Ed... What you are saying is that a stock drops by 12% > from the last purchase then the new purchase should be > 112% or the original purchase. another way to say the same thing is to buy in lots of equal dollar value. on the other topic, when you look at the covered write, you can also think of it in terms of a dividend you are paying yourself off holding the stock. if you can write a call at 17.5 for $1 and the stock is called you made 5% on your investment. if it's not called, you made 5% on your money and you have partially hedged your down side. If you could pay yourself a 5% dividend every couple of months -- hey! /matt