WEYMOUTH, Mass., Feb. 27, 2000 (PRIMEZONE) -- If you own any Internet related stock then you have noticed that it's not the hot sector that it used to be. Instead, the burning hot Biotech and B2B stocks have replaced the Internets.
But you don't have to just sit back and wait for another sector change. You can use the Covered Call strategy to generate profits while your stock treads water and help pay down margin debt, if you're carrying any. For example few analysts would argue that America Online (NYSE:AOL) is a bad buy long-term, or that the future of CMGI, (Nasdaq:CMGI), DoubleClick (Nasdaq:DCLK), and Yahoo! (Nasdaq:YHOO) appears dim. But these stocks are correcting and it may not be a bad idea to use covered calls to hedge your position and make a profit while you wait for another sector rotation. Thus if you're moderately bullish on these stocks going forward or believe they'll trade near their current price, then perhaps taking a covered call position is for you.
TheCoveredCall.com, http://www.thecoveredcall.com, is a leading Internet-based stock information service specializing in the C-A-N-S-L-I-M Strategy with a Covered Call twist which works great with 401k, IRAs and other cash/margin accounts.