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To: Big Dog who wrote (10833)2/6/1998 9:55:00 AM
From: Rob Hinton  Read Replies (1) | Respond to of 95453
 
"Naked calls are much too risky as you will be exposed to potentially higher and higher prices to buy the stock to deliver if you are called."

Good point. In many areas of life doing things naked can be fairly
risky.



To: Big Dog who wrote (10833)2/6/1998 10:00:00 AM
From: Jeffrey Beckman  Respond to of 95453
 
Checked VectorVest's free site last night. FGII is now a BUY!
Look out below (gg).

Jeff




To: Big Dog who wrote (10833)2/6/1998 10:22:00 AM
From: Rich B.  Respond to of 95453
 
Big Dog,

I like your idea of CCs. Someone else posted earlier that selling calls was a way of lowering their initial price of the stock. If a person sells out of the money calls over and over again, conceivably they can lower their initial cost to ZERO. The problem with this of course is when your stock gets called.

For all we know FGII could hit 40, at the rate it is going before Feb. expiration. Maybe Theon could tell us, but it would seem that FGII should slow up a little and form a base. Maybe that would be a good time to sell a few CC. It sure is in an uptrend now.

It doesn't sound like you need the income right away. They are going to pay you at your new job?

Thanks for your cheerleading,
Rich