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Technology Stocks : JDS Uniphase (JDSU)
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To: luther yow who wrote (17160)1/25/2001 9:20:42 PM
From: Cliveous R. Ogg III  Read Replies (1) of 24042
 
Luther, I am a lurker on this board and thought that I would suggest that you look at selling LEAP options on your position. Check out the 2002 80's, 90's 100's and 110's. Also check out the 2003 for the same strike price. You might be able to hold your position without the margin getting into your capital in a deep way. I have done this and am still doing it, and it has worked well. You can trade them like stocks and gradually reduce your cost by the amount of the premium you get to keep. If you don't trade them but just sell them you can probably sell the 2003 80's for 15.00-17.00 tomorrow tomorrow a.m. That will be cash in your account immediately. I wish you well. Also you may consider the Wash sale rule to take a loss to offset any LEAP premium profit that you trade for and that may work as well. Check it out! Good Luck
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