Options Message Board - Msg: 13558516

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Strategies & Market Trends : Options

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To: Jill who wrote (7260)	5/3/2000 7:42:00 PM
From: mtnlady	Read Replies (1) of 8096

Hey girl what are you going to do with those Siebel calls? Pondering that myself right now. On one hand I feel we are in for a bit of a rally here for a day or two and on another I feel that we haven't seen the last of our interest rate fears and the summer slow down movement. Are you going to be selling into the strength or sitting tight? I know where Siebel is going.. I don't know where this market is going though! Here are my initial thoughts on the matter. Sell my calls when I would begin thinking about selling any Siebel shares (shares I bought for trading purposes rather than LT holds) I bought at today's price. If Siebel pushes 140 over the next week or two I will be getting a very itchy trigger finger. And being a bit conservative I may even start selling the calls I bought if Siebel tops 130+ tomorrow or Friday. Right now I am a chicken and only hold stock LT. Calls I am selling pretty quickly still.

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