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To: joe smith who wrote (10816)	2/6/1998 9:30:00 AM
From: SJS	Read Replies (2) \| Respond to of 95453

As you have found out, it's very tricky. I personally like to sell into strength, because the stocks have to rest and they do come back down. Most folks think that it's easy and it's free money. No so at all. Set a return target that you feel comfortable with and lock a return. If you get called, so what? Move on to the next opportunity. Don't marry the stock. If you still like it's fundamentals, buy it back again and write again!! However, maybe you didn't sell too early. I personally never sell calls directly at the strike price I buy (you've got NO upside). It might look like that now, but ask Big Dog about his call sale with FGII. He sold calls and thought he'd be a gonner. FGII tanked and I think he kept all the call premium. Time works for you as the calls price will erode. Just watch it. Right now you've got just a little more upside gain (not much), but are protected to 40 7/8. DO can retrace itself in a flash. Let's see where we are in a month.