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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant? -- Ignore unavailable to you. Want to Upgrade?

To: hcm1943 who wrote (3389)	5/29/1998 3:08:00 PM
From: Scotsman	Respond to of 4697

Yep, probably so. I am still accumulating shares for a long term hold, but once I get enough to make it worth the effort, I will probably start to sell off some calls. But only fairly short termers as it could turn fairly quickly and I don't want it called away, like has happened to me in the past.

To: hcm1943 who wrote (3389)	5/29/1998 9:52:00 PM
From: Carl R.	Respond to of 4697

Actually, once I concluded that going over 15 on this rally was unlikely, selling calls seemed like a natural, so I sold some June 15 calls today for a measly quarter, which is better than nothing. If they get called away, I get 15.25 in three weeks, which is a 12.44% return from where we are for only three weeks. Compounded that would be 748% a year. <VBG> Seriously, I'll probably buy them back if I can for 1/16, and then sell the July 15s if things aren't looking better. Maybe I can get a little more for the Julys. Carl