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

To: E_K_S who wrote (25092)	10/22/2006 8:15:21 PM
From: Carl Worth	Read Replies (1) \| Respond to of 78748

i've played around with NYB over the years, writing calls or puts and having fairly limited success at making anything resembling a decent rate of return, but i still have 200 shares at this point, so i wonder about your thoughts on the following: if i sell january covered calls, i get .20 a share, but i have chosen not to sell calls for the past many months, thinking that NYB will probably get bought out at some point, and i would likely realize more in that case than i can get from calls, at least until the stock starts to move higher again in the meantime, i collect a reasonably good dividend based on my cost, which i calculate to be 16.80 since i sold 17.50 puts at .70 to acquire these shares about a year ago do you ever think of foregoing the call premium on the idea of a potential buyout, or do you think that a buyout is rather unlikely? just curious, since you obviously follow this company closely as well, probably much more closely than me at this point, with my small remaining position

To: E_K_S who wrote (25092)	4/16/2007 1:18:11 PM
From: E_K_S	Read Replies (1) \| Respond to of 78748

Peeled off some shares from CMCSA (Comcast- Recent threee-for-two Stock Split in Feb 2007) and CVX (Chevron) and rolled the proceeds into COP (Conoco). COP pays a slightly higher dividend than CVX. COP has a lower forward PE than CVX (8.33 vs 10.52) and allows me to diversify my Integrated oil group. CVX is trading at an all time high and represents a 2:1 weighting compared to my next largest oil holding (XOM). I think I will continue to move CVX money into COP over the next several quarters. I like COP's domestic holdings specifically their natural gas reserves and pipeline partnerships assets. Over the last five years, these Integrated Oil companies have out performed the S&P significantly. COP is the top performer during this period with XOM and CVX following. finance.yahoo.com^gspc;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined