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To: mph who wrote (2853)11/11/1997 12:12:00 PM
From: Broken_Clock  Respond to of 95453
 
If you plan on holding through thick and thin, like myself, you may want to investigate selling some covered calls. I came to the conclusion that my position would be flat through the November expiration so I sold Nov45 calls on FGII for $3. Worst case, the stock drops(I am holding anyway) and I make an extra $3/share for my troubles! Next worst case, stocks rallies sharply and I lose out on some profit(paper only since I am holding). I'll be happy with 13% return for two weeks(since I am holding long term). I will use the option premium to buy more stock on the next dip.



To: mph who wrote (2853)11/11/1997 12:36:00 PM
From: AltLar  Read Replies (1) | Respond to of 95453
 
I agree with mph. While there may be some short term down side risk, I believe the long term fundamentals have not changed. Going to cash at this point involves risk as well. Given the volatility of this sector and the uncertainties in the middle east these stock could very easily suddendly spike upward leaving those in a cash position of chasing these stocks up.

Larry


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