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To: AmyIrene who wrote (10835)	3/3/1999 11:34:00 AM
From: Wayners	Respond to of 40688

Four possible strategies on BAMM, (1) sell on technical break of $10 1/2 and set a buy stop higher at say over $11 in case its a fake break to the downside. (2) BAMM is now optionable so you can write covered calls. You can sell Mar May or Aug upside strike calls at $12 1/2 strike or $15 strike and mitigate losses. Due to the past volatility of BAMM the premiums can be pretty good. Continue writing calls until you are at least even. (3) Hold and see if it bounces up from these levels as it has several times before. (4) Write covered calls and use the proceeds to buy $10 strike puts to protect you from a severe technical break of $10 level.