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Technology Stocks : NorthPoint Communications Holdings, Inc. (NPNT)
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To: MStonek who wrote (323)11/19/1999 12:54:00 AM
From: Panita   of 786
 
Longs get ready for a ride that will take NPNT into Y2K with a bang. Do not sell NPNT! This is a keeper. I urge you to hold this for at least three years. We will double before year end imho.

If you need to sell, I urge you to write cover calls instead. Wait for a slowdown in the momentum. If you don't know what cover calls are pick up a book.

Imagine if you bought AOL in 94 and sold in 95 you would be kicking yourself now.

Write/selling cover calls insures your gains. If the stock goes down you keep the premium on the cover calls that you sold (the cash is in your account the next business day; cash which you can use to buy more shares, or buy you spouse/girlfriend/boyfriend a nice holiday gift). If the price declines you keep you shares when they expire. If they go up you give them up which is no difference than if you sold to begin with.

Don't Sell this baby. If you're well in the money write(sell) cover calls. One contract = 100 shares so if you own 500 shares you can write 5 contracts. If you own 1500 shares you can write 15 contract. But before you make a move PICK UP A BOOK AND LEARN HOW OPTIONS WORK. Dot it quickly and be ready in January. A good broker can help you too. I plan to write them in early Y2K when the Jan. effect slows down. Keep track of options premiums and symbols for NPNT calls and puts at:

stockpoint.com

NPNT a keeper!
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