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Technology Stocks : PairGain Technologies

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To: Larry J. who wrote (36193)	3/21/2000 8:27:00 PM
From: BWAC	Read Replies (1) of 36349

Thanks Larry. The $4 plus, or 20% spread, sure does not make selling PAIR easy. 20% is a good years gain for some. ADCT seems to swing wildly up 4, down 5, up 6, etc. Its too risky to sell PAIR into the upswing. You never know when they might decide to tighten the spread up and leave you out. So as I am not prepared yet mentally to throw a 20% gain away I have an idea. Sell covered calls for any PAIR you don't want converted to ADCT. April 20's were $1 1/4 today, but should be more like $1 3/4 tomorrow if ADCT holds its gains. I sold the 20 strike calls for March and they expired. So when the price is right I will repeat for April. And then May, June, and July if necessary. Just a thought. Please don't undercut my ask price!!!

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