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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (28265)	5/18/1998 6:15:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 132070

MB...I read your comment on silver....interesting action on HL stock today....looks like a block of 500k or so. iqc.com Some block activity on asl, too.(which my sources have eyeballed as one of the best deals on gold producers). It appears to me that there is selling into strength in the overall market and selective buying on weakness in the metals....Do you agree?

To: Knighty Tin who wrote (28265)	5/18/1998 6:23:00 PM
From: kahunabear	Read Replies (1) \| Respond to of 132070

MB, Yeah, I discussed it about a year ago on the Kahuna thread , but not many folks took it too seriously. I am glad to see the mainstream press pick it up. The way I see it, instead of paying dividends back to shareholders, companies are buying stock, giving it to their employees as unreported(except buried in the 10-K) salary expense, and the value of the company is diluted. Is it any wonder Price/Book ratios are in the clouds ? WS

To: Knighty Tin who wrote (28265)	5/18/1998 6:51:00 PM
From: Gerald F Bunch	Respond to of 132070

Hello MB Check it out Message 4500596 Regards GB

To: Knighty Tin who wrote (28265)	5/18/1998 6:53:00 PM
From: Zach E.	Read Replies (1) \| Respond to of 132070

Mike, You wrote (paraphrasing) that one of the options threads about covered calls on SI was not only wrong but dangerous. I assume that you're referring to the "How to write covered calls" thread, which I've been following for a while. I'm not currently employing covered calls, but I think that it does have a place, as long as one isn't just surfing for premiums, as is often emphasized on that thread. I understand that the expected return is not as high as plain stock ownership, but the chance of profit is greater. When the implied volatility is high (depending on the reason of course), writing covered calls or cash-backed puts seems attractive to me. Regards, Zach