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Technology Stocks : Network Appliance

NTAP 116.73

-0.7%

9:45 AM EST

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To: kas1 who wrote (7467)	4/4/2001 3:09:26 PM
From: BDR	of 10934

<<short-term shorting on NTAP?>> No, just covered call selling. Unfortunately I have been able in just the last thirty days to roll down at a profit from the NTAP April 25s to the 17.5s and today to the 15s. I have been keeping covered calls in place for nearly all my long positions since December. All at a profit (with most expiring worthless) but not enough to cover the paper loss in the stock. The effort has staved off the panic I might be experiencing if I had not done so. One can argue that I might have been better off if I had given in to panic and sold 60 days ago. We shall see.

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