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To: zurdo who wrote (75958)	10/30/1998 10:23:00 PM
From: richard surckla	Read Replies (3) \| Respond to of 176387

<<Digger O'Dell to you too!!!>> That's what I call TIME DATING. I almost forgot Digger O'Dell!! Boy are we getting old!! Seems like yesterday.

To: zurdo who wrote (75958)	10/30/1998 10:37:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

<Stock Options> Myopic Vision Vs Long-Term Focus. zurdo: Don't know you are in to options but many seem to be,so I thought I post this in case anybody is interested. ============================================= STOCK OPTIONS -- COVERED CALL WRITING: HOUSTON (Oct. 30) BUSINESS WIRE -Oct. 30, 1998--Are you writing "covered calls" or know someone who is? If so, you probably heard: "I sold the calls for $2 but the stock dropped $3." What's the story here? The story is that many covered call writers write calls on a monthly (or every other month) basis. Such action makes some covered call writers focus on the very short-term performance of a stock. Well, the best minds on Wall Street can't predict a stock's performance over 4-8 weeks. Therefore, a covered call writer may do better by focusing on the long-term performance of the company when making decisions about which stocks to buy. So, if you are interested in covered call writing, here are a couple ideas to consider. First, don't be too focused on the option premium. Rather, satisfy yourself with the long-term prospects of the company. This is critical because you may hold the stock for a long time. Second, don't be afraid to watch the stock's performance for awhile. Once you are comfortable with the stock, only then start looking for the right time to buy it and to write the covered call. Many times you will find that the stocks that have significant option premiums tend to have such premiums frequently over an extended time period. Thus, your window of opportunity to buy the stock and write an option could be days and even weeks. Again, stock selection is a critical part of successful covered call writing. The foregoing was provided courtesy of CoveredCall.Com. For a free trial to their web site, visit CoveredCall.Com on the web at coveredcall.com.