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Non-Tech : Just For Feet (FEET)

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To: Mark T. Heath who wrote (187)5/12/1997 11:26:00 PM
From: Walter High   of 750
 
Mark:

Thanks! At the end of this week, I will be eligible again to get back into FEET without jeopardizing my tax write-off for the loss. Don't know if I want to, however. I'm hoping I can get in a little lower than 19 or 20.

In the meantime, I have been active in Cisco and made several thousand in the current run-up (from 46 to 63). In addition to actual shares, I own a July 50 call which is worth about 14 right now. I am hoping the stock will go to 70-75 in the next month making the call worth 21-25!

I'm not sure I even want to buy stock any more. I am doing better just trading options. I can get more bang for the buck and don't have to put up so much money. The downside, of course, is that options expire and you can lose it all, unlike stocks which rarely expire! To protect myself, I have been playing options six to eight months out and deep in the money. That seems to work well so far. Maybe I'll buy some FEET options next week.

Does anyone know the announcement date for FEET earnings for the first quarter?

Walter High
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