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Non-Tech : BMC Industries -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (236)	11/22/1997 11:41:00 AM
From: RoadWarrior	Read Replies (2) \| Respond to of 359

Jim, I think part of BMC's earning miss was the investments on new processes and equipment. It seems they are forward looking and not just being a cash-cow. BMC paid the price now to benifit their future (see earning report). I also feel this is why none of the 3 analysts downgraded BMC (knock on wood!) - because long term BMC looks great for the investments they made last quarter. Still, if you have info on BMC (good/bad) please keep us posted. Thanks for the post. Take care, -RoadWarrior

To: James F. Hopkins who wrote (236)	11/22/1997 12:00:00 PM
From: Creditman	Read Replies (1) \| Respond to of 359

Here's a suggestion for you Jim ... Why not sell calls on your BMC? You get around $1 for the Dec $20 which expires the third Friday of next month. That way you get the dolar now which sort of covers you against at least the first dollar of any further down move. If the stock goes over $20 by the exp date they pay you $20 and buy it from you but as you don't believe BMC is going up ... Heck! maybe you could make a dollar a share a few times. What do you think?