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To: waverider who wrote (19797)4/20/1998 10:51:00 PM
From: Thean  Read Replies (1) | Respond to of 95453
 
Diamond, you have a habit of cutting and pasting different parts of a complete message and try to make points according to your own agenda.

I re-read what I wrote and all I'm saying is FGII can go either way.

If you want to hang on FGII by all means do so. The worst thing is invest in a stock without an objective, strategy and time period. I'm sure you know what you're doing.



To: waverider who wrote (19797)4/20/1998 10:58:00 PM
From: Rich B.  Respond to of 95453
 
<<It's that long term problem I have.>>

Me too... I bought my first FGII shares at 40, soon after thinking I wouldn't see that again for a couple years. The ones I averaged down at 30 look pretty good now too. BTW great options ideas going on here, having the same problem deciding on selling some calls as a few others have mentioned.

I'm even thinking of buying a little more at 39, selling the Aug 40 call @ $6. Thats 15% for 4 months. This protects you to 33. Given the volatility, I might even buy back the call sometime down the road.

Rich.



To: waverider who wrote (19797)4/21/1998 9:30:00 AM
From: SJS  Respond to of 95453
 
Rick,

He was complimenting me, I think, on my advise regarding writing covered on FGII. I urged a couple of people to examine spreads or straddles with FGII, but to leg-in the call write portion only after they examined what their underlying plans for the stock was, and NOT to do a call write IF they were that bullish.

With FGII leaping as it has, it's violated the upper BB, and is oversold (unless there's news yet unknown). I urged him to be vigilient for writing calls at any time as they are very premium rich and I think the stock will retrace.