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Technology Stocks : Network Appliance

NTAP 114.72

-0.9%

3:51 PM EST

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To: im a survivor who wrote (9400)	11/1/2001 4:33:15 PM
From: RoseCampion	Read Replies (2) of 10934

Hmmm...so what are folks doing here at $15.......buying, selling...?? Waffling <g>. I sold November 15 calls today at $2 each on all my (remaining) IRA shares - thus my "breakeven" is $17 on November 16th (unless I cover before then, yada yada...). I see a lot of volatility here, and a possible breakout, but who knows? Not me, certainly. In the end the premium was just too rich to pass up (since I sold them when we hit $16, about a buck of that $2 was time premium, so we have a $1/$16 = 6.25% return if NTAP stays anywhere above 15 until expiration - not bad for a two-week wait). I'd be happy to be proved wrong, but I think we'll spike downward at least once before we head up again - which is when I'd hope to cover (or buy back my shares if I've already been called out). -Rose-

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