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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST
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To: Ditchdigger who wrote (39304)2/14/2000 7:39:00 PM
From: David E. Taylor   of 45548
 
DD:

Try buying a few calls. Most of my COMS holding is in the stock, but back on 1/28 with COMS around 45, I bought 25 short expiration March 50 calls. When COMS passed 50 on 1/31, I rolled them into the 55's, at 55 into the 60's, at 60 into the 65's, and at 65 into the 70's. Each time I took a few $$ back, now have 100 of the March 70's with a cost basis of zero. Since COMS seems destined to continue its inexorable rise for the next week or so, I might get the chance for a couple more rolls, even take some profits if I can stop my usual greed from getting the best of me.

Beats the heck out of trying to time a trading position on the stock itself.

David T.
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