Globe Photos Inc (fka GBPT)

[VERYLONGSTOPPEDDRINKINGTHEKOOLAID]

O/T: Oledudes, yes I have these as well and I appreciate very much your mentioning them to me.

Have you considered writing covered calls (selling calls options) on these stocks? I don't know if you have experience with options, but just in case you or others considering one of these two stocks do not, here are some suggestions for making even more money on your investment than just holding the stock.

I have covered calls for the July '06 $7.50's on HOM.

With a stock pps now of $5.68, you could write covered calls (sell calls) and get a premium of $1.05 right now on these. Looked at it another way, anyone buying this stock now at $5.68 and writing covered calls for the July $7.50's will reduce the cost of the stock by $1.05 down to just $4.65.

You would not have your stock taken away from you unless the stock gets to be over $7.50 on or before the expiration date, the third Friday of July, '06.

But even if you are taken out, you will realize a profit of $51% on your current investment within 7 months, since $7.50 (strike price) + $1.05 (premium) - $5.68 (current stock price) = $2.87 (profit), with ZERO DOWNSIDE risk by doing so. You limit your upside potential to $8.65 ($7.50 + $1.05), but 51% in 7 months is a GREAT RETURN!!!

Of course, if you are not taken out and the stock stays under $7.50 on or before July '06, you get to keep your premium (an additional 19% profit), keep your stock, and have the pleasure of writing covered calls again for a different expiration month, and just keep repeating the process.

Also, if the stock should for some reason fall lower after you write your covered calls, you could buy back the calls for a lower premium than you paid, still own the stock and re-write the calls when your stock goes higher. And keep repeating the buying back and the re-writing over and over each time the stock moves higher and lower, enough to be profitable each time.

If you don't want to get taken out, and just want to hold the stock no matter what, you may also consider to just buy call options outright, even leaps on these.
On NOVL, to buy the leaps on the Jan $12.50's '08 are just $0.65 which gives you over TWO YEARS till expiration. Not only could you make money outright on selling your calls as the stock goes higher, but you have the right but not the obligation to buy the stock at $12.50 per share no matter how high the stock price gets to anytime on or before the expiration date of the option. If the stock should be worth $20 by then, as an example, for every $65 you spent now on the call options, you could buy 100 shares of stock at $1,250, and sell immediately and make a handsome profit of $750. All that potential for just $65....

Pretty cool, isn't it?