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

To: epicure who wrote (42952)	1/11/1999 5:44:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

X, The person who wrote that note assumes that the oil service stocks will not decline again. I hope he is right, but if the market does head down, the little cos. will get killed. My strategy is to hold on to all the shares that have yet to hit my moving targets, which is all of them, but have a mix between larger and smaller cos. When the herd jumps in, they will buy the biggies first. But the riskier ones will go up much more. One trick you may try is writing Leap calls against your bigger names. In addition to my straight longs in Hal and SLB, I have buy writes on those two stocks in my IRA income portfolio. Right now, the premiums are huge. If the sector declines, you get extra protection. If it goes up, the riskier cos. will kick patootie. MB