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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: PiedPiper who wrote (20849)	2/22/1998 8:24:00 AM
From: Jay Mowery	Read Replies (1) \| Respond to of 36349

Hey Piper, You're not rainin' on my parade, as a matter of fact THANKS! I'm always concerned when I put something out here I'll leave something out! I get to typing and think I covered all the bases, then, someone comes along and makes VERY VALID AND IMPORTANT POINTS, like you just did! I really appreciate it and I'm VERY GLAD you took the time to make the points! The last thing I would want to do is omit valuable information! Also, They are points I hadn't thought of and need to consider as my March puts become more active! Thanks Again, Jay

To: PiedPiper who wrote (20849)	2/22/1998 2:12:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 36349

PiedPiper Good valuable points and clear thinking. personally I stay away from options including covered calls because I find that I get trapped if I sell covered calls. If the stock moves up, I dont want to buy back my calls and lose money. And I dont want to sell the stock for fear of having naked calls and the stock move further up. So I just wait it out and lose on the upside or get premium on the calls and watch the stock go down for more than the premiums. It prevents me from being nimble. If you believe in the stock and buy it with a certain objective, why not go for that objective and if there are any fundamental changes, you can change you strategy and not be stuck because you have covered calls that prevent you from acting in your best interest at that time. ratan