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


To: Allen Furlan who wrote (14799)7/11/2002 2:39:12 PM
From: sjemmeri  Read Replies (2) | Respond to of 78627
 
I did it with wcom, covd, cmgi (the last 2 were a while ago). I bought ELN (actually added) but haven't sold the calls yet. Usually the premiums are pretty rich right after a fall as people buy calls to bet on a quick bounce. It hasn't been a moneymaking strategy yet but certainly been better than buying those stocks outright.



To: Allen Furlan who wrote (14799)7/12/2002 11:24:03 AM
From: sjemmeri  Read Replies (1) | Respond to of 78627
 
I sold the calls against ELN this morning. This one has worked better than the rest as I bought near last week's low and sold the calls after the recent bounce so I got 100 % of my initial investment back in the premium and I have the share appreciation up to 2.50.