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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (7441)	3/14/2000 4:01:00 PM
From: J.B.C.	Read Replies (1) of 35685

Patience! Ok just to update everyone on my SEBL play from 2 weeks ago. I bought SEBL @ 142.25, and at the same time turned around wrote March cc's 135 strike for $13.25. Today I Covered those call options at 10! Someone just paid me $325/100sh to own SEBL! Now what? More patience, options week always offers opportunities AND volatility. Just wait for recovery in the stock price, it's been beaten down from 175, nothing has changed in the fundamentals, same company. Near term on a good recovery, I'm going to let someone pay me for the opportunity to buy MY shares in May. I didn't panic when the stock price soared $30 after I sold the cc's, and now I don't have to buy shares of something, pay commissions to write cc's against. Patience! Jim

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