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Technology Stocks : Winstar Comm. (WCII)

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To: Richard Dunaven who wrote (4862)4/1/1998 1:11:00 AM
From: Patrick O'Connor  Read Replies (1) of 12468
 
Just thought I would pipe in with an opinion on options.
Buying calls is for people with inside information or serious gambling habits. I've been 100% invested in wcii options at times. It worked very well although I lost a lot of sleep during those times. I have also had many options expire worthless. My opinion is don't. Not now. From $10 to $45...great run...will it go to $200. Let's just say yes. And if you know the day it will be there then go all options. Otherwise buy what you can and maybe use a little margin to leverage your position.
Ric with all due respect that, IMHO, is the worst advice I ever seen you post(unless you have info that you can not share). You have a great deal of influence on this board. Your knowledge is always appreciated by me and everyone. Respectfully disagreeing.

Patrick
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