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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Brian Hutcheson who wrote (3606)	3/12/1998 11:35:00 AM
From: Bald Eagle	Respond to of 18016

<<Selling calls is purported to be the smart thing to do , but the downside has no limits >> Not if you sell covered calls, then all you lose is missed profits. I sold Mar 25 NN covered calls (NNCE). Right now, it looks like I might lose my NN shares next week, but a lot can happen between now and then. I'll still have made a nice profit if they do get called away from me. I look at covered calls as an income producer and a way to "force" me to sell when I can make a profit. Admittedly, naked calls can cause you to lose your shirt, no pun intended.