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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: ED PLOPA who wrote (7273)	2/25/1998 11:27:00 AM
From: Seth Leyton	Read Replies (1) \| Respond to of 42804

Ed, you got me. I was warned to buy puts from my guru and...he was right, I was wrong. Don't get me wrong guys, i'm not making every move correctly. I just looked at the technicals and saw selling. As it turns out Volpe has had sellers for the last two days solid. As far as writing the calls, I never write against my whole position. That's way too much of a gamble. But 25-50% is an appropriate amount. Most of my clients I had at 30% hedged. Now that's not total protection but it is a nice dividend.