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Strategies & Market Trends : Covered Calls -- Ignore unavailable to you. Want to Upgrade?

To: tchphysics who wrote (60)	5/15/1998 4:22:00 PM
From: Terry Maynard	Respond to of 86

Jeff, I too got in today with a buy/write that yielded 12% before the FPAM continued south. However, I also am looking long term - this may be way oversold IMO. In a few quarters if these measures described today take hold then the company will be profitable. A big 'if' though. Patience, IMO, is the key at this moment. The NASDEQ drop today didn't help much either. Good Luck and Good Investing. Terry

To: tchphysics who wrote (60)	5/15/1998 8:53:00 PM
From: Robert H.	Respond to of 86

Hi Jeff, FPAM or ...Da SCAM. ??? Everything looked pretty good. I was just one that got away. Always some more lessons. ..I Almost bit the bait. I've been caught before. Aside from the analysts, which I've long since discounted. I believe the real indicator on this dog was the # of Institutions that held the stock (206); and the percent of shares that they held (78.6). Note that the huge gap down was a done deal before anyone could react to it. ...This is all institutional selling. I expect to see quite a bit more of this kind of theft in the coming months. One might try to keep away from stocks with excessive ownership by institutions. Just some food for thought. Robert//

To: tchphysics who wrote (60)	5/17/1998 1:52:00 PM
From: Brad Griffin	Read Replies (1) \| Respond to of 86

FPAM is off my watch list for the short term. Getting my MCRE called away this weekend but looking to buy it back on Monday and sell June calls. I understand this stock and their earnings. Will also buy/write PWRH, TLCM, MADGF and SWW. My goal is to write 2,500 shares next week (500 each stock). I really love this investment strategy especially when my stock gets called away and I realize capital gains in addition to the call premiums.

To: tchphysics who wrote (60)	5/17/1998 8:21:00 PM
From: EJ	Read Replies (1) \| Respond to of 86

Jeffrey, This obviously qualifies as hindsight with respect to FPAM, but one thing to consider whenever you enter a new position is whether you want to be limiting you upside potential vs. your downside. While there are a lot of schools of thoughts on CCing, I tend to fall into the school that says don't limit your upside and leave your downside exposed when you know a significant event is going to occur soon. For what it's worth... Cordially, EJA