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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fiondella who wrote (21973)	5/13/1998 9:03:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 42771

Hi Paul, I wonder how many covered calls are written to sell into the usual pre earnings run ups just before expiry. Not that anyone would ever manipulate stock prices for profit. After all, that's illegal. It is kind of funny how the pattern we've noticed so often of a dip and a bounce, is a drop below the strike price, a bounce above the strike price and a close on the strike price at expiry. Writing calls on stock purchased below the strike price starts looking kind of interesting. Regards, Don