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

To: Paul Senior who wrote (14602)	6/10/2002 10:01:20 PM
From: Wallace Rivers	Respond to of 78594

Paul: I got in and out within a day for a miniscule profit net of commish a while back. Got a fill for a small portion of the whole order. Didn't feel it was worth my while to monitor for such a small holding. However, I am looking at it again. I think today's drop can be attributed to how thin it is, plus a possible downgrade by Moody's (I think) of Petro's debt. Petro is a Star Gas subsidiary.

To: Paul Senior who wrote (14602)	6/11/2002 4:40:33 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 78594

Paul Senior,re tyc. A thought on buying at this level. You can get a healthy premium on puts and by selling cash covered puts to get a discount if options are assigned. Look at July 7.5 puts at about 1.10. Assignment gets you the stock at 6.4. If not assigned pocket the premium. Also noticed that Bill Miller likes aes in addition to tyc. How about covered calls(2.5) on aes with net cost of about 1.25 I already did a covered call position on aes using both 2.5 and 5 calls. Thinking of adding more. General question to thread, why are cpn and dyn better buys at about 7.5 than aes covered call(2.5) for aes at a net of about 1.25?