Jim,

1. With lots of your help back in early September (thank you again) I bought 500 shares of GNW at $9.46 and sold 5 CCs Dec $11 for $1.20. Very happy with those trades so far and I'm holding tight until expiry. But, I still have 1000 shares that I bought in February at $2.62 that have no CCs and that I'm wanting to hold until Feb 2010 for LT CGs reasons. My gut (based on last earnings) is that GNW will rise some from here. Should I sell some CCs here or just hang on for a bit? I missed the previous opportunity when we were over $13 because I got a little greedy and couldn't pull the trigger (despite your advice at the time :).

2. I also bought 300 shares of Stone Energy (SGY) for $13.40 in early September and it has recently popped to around $19.82 based on great Q3 earnings report. It seems to have pretty rich CCs and I'm wondering if this is a stock you've ever looked at. (I first heard of it from cats04 who posts here on GNW board once in a while). Again, I'm very positive about the stock short and long term but am wondering about locking in some profits without selling (e.g., CCs). In general, do you have any guidelines for picking good candidates for CC trades?

Thanks as always,
Dan