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To: stevedhu who wrote (20385)4/25/1998 4:56:00 PM
From: Alski  Read Replies (1) | Respond to of 95453
 
Steve,
Did you investigate rolling those FGII May 35's into Aug 40's? Looks like you could trade 'em even steven, if you think you want to squeeze another $5 out of FGII. Or, maybe it's not such bad timing to let FGII go?

Looks like you could pocket 3/4 rolling your May MDCO 22.5's into Aug 25's.

Alski



To: stevedhu who wrote (20385)4/26/1998 4:32:00 AM
From: waverider  Respond to of 95453
 
Steve, to be honest I have never sold calls. I start to think about it every time the thread gets going on the subject when everyone feels prices are too high...like the first part of last week. But I sit and think about why I bought the stock in the first place, and forget about the whole thing. I want to make lots of money with my companies and I don't want someone to take away the product of all my hard work.

Selling calls seems to me to be like shorting. I know there is a significant risk difference but it's the attitude thing that is similar. I just can't get the notion out of my head that I have good companies and that they will eventually go up. The trend is on my side. Why would I bet that they wouldn't go up? No confidence on my end to pull reverse logic on my positions.

Good luck, however, to all who seem to do it well. As for myself, I just wait for prices to drop and buy more stock or calls...like NE on Friday.

Rick Hydrocarbon