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To: Herm who wrote (6640)	2/2/1998 11:01:00 PM
From: jtig	Respond to of 14162

Herm, Thanks for the response. I am anxious to get to the positive side. I have been patient since early October and am willing to continue. I am still unclear about the high RSI for VVUS. Since it is way above 70 and the stock price is near the upper bb, won't the stock bounce off this? Thanks for all your work. You are appreciated!!! John

To: Herm who wrote (6640)	2/3/1998 10:10:00 AM
From: Tony D.	Read Replies (2) \| Respond to of 14162

Herm, Any opinion on CREAF? I sold the Feb. 17.50's yesterday for 2 13/16. It seems to me that CREAF has a problem with the $20 mark. I also wrote the May 17.50 for MDCO, (oil drilling service co.). The oil sector has been hit hard. My nut is 19.75 so I'm hoping this baby falls back down. Tony D.

To: Herm who wrote (6640)	2/3/1998 12:11:00 PM
From: David Beckett	Respond to of 14162

Herm, Opinion please on INFS. Its a different kind of tech play that semiconductors, PCs, etc. On 1/22 I did a buy/write on Feb 30c with a net cost of 28 3/16. I did well with it Sept/Oct and expect it to settle in to a channel that makes it good for CC strategy. The Eagle

To: Herm who wrote (6640)	3/23/1998 1:44:00 AM
From: javaNkrona	Read Replies (2) \| Respond to of 14162

Greetings to the board, I have been a long-time reader of this board (beginning with message #1) and a periodic e-mailer to herm (thank you kind sir). Unfortunately i didn't get interested in personal investing until after SI when 'pay-per-say.' Well, i'm taking advantage of the 30-day free trial. I am currently long SCOP, but expect to be called out on the April expiration date, as i wrote an ITM 17.5 call. I originally BOT at 15 1/8 and have worked my NUT to 12 3/16 byCC'ing. Hence i'm looking for another security to pardner-up with for a while. I'm rather fond of the beaten-down stocks, so long as the fundamentals are still sound. I've got a few securities that look promising, but still need to gather more information on the companies. However, i find myself being drawn to VVUS. I'm just tring to find the best way to enter the position: 1) Buy VVUS Stock. This will leave me margined somewhat heavily, the only major risk i see is that if the SCOP/SEBL merger collapses (or should SEBL trade significanly lower, probably not too likely as the split took place after the close friday) SCOP would probably fall back to its pre-merger value in short order; in which case i'd have to find some cash reserve somewhere to fend-off the margin call. 2) Buy the JUN 10 call. I could then excercize my position any time after i'm called out of SCOP, though i'd be buying into the position at a considerable premium over current levels ... though not that unacceptable should VVUS rise considerably between now and june. 3) Sell the JUN 10 Put. I'd have to talk with pbs to verify i can do this, though if the $20,000 requirement is correct, it's a no-can-do here. Otherwise, the major drawbacks i see are: i) since i desire a position in VVUS, and $10 is an acceptable level, i still have the risk highlighted in option #1, although i have improved my margin situation somewhat by collecting the premie in the sale of the put. ii) should VVUS begin a steady rise, i'd have to buy back the put (and it is conceiveable that there could be some significant time value left), and buy VVUS again at a premium. It seem that my best position is option #2, unless i'm missing something here. I guess i'm wondering if the MAY 10 will become available on monday or tuesday??? Or i guess the APR 10 would be the best choice since i want to buy the security anyway, that having the least time value left; though the JUN 10 gives me some time to take a long look at what is going to happen with VVUS. I'll probably watch the trading activity in the morning to determine whether i'll enter a position tomorrow, or not. Or am i missing something here??? java

To: Herm who wrote (6640)	4/8/1998 12:27:00 AM
From: javaNkrona	Read Replies (1) \| Respond to of 14162

I couldn't resist any longer ... I've been holding off getting into VVUS until my position in SCOP has been closed. But ... i dipped into some of those profits, and picked up just a few hundred shares today at 10. I'm lookin' forward to the ride here, and getting in at these prices is, i have to believe, rediculous. Don't plan on CC'ing for a while ... gonna wait till it moves to 15, and then assess the momentum at that point. Just plan on waiting to see how earnings turn out Thursday ... and i find it rather interesting that the earnings will be announced during the day, rather than after the close; that seems like a bit of good news on the way. Then i guess we just wait for PFE to disappoint, huh. java