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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (41595)	12/30/1998 6:30:00 PM
From: Rambi	Read Replies (2) of 132070

Michael, I have a question please! I own 10 NEWZ Jan 10 calls (QBEAB)--at 1 3/4---they went way down and I saw a nasty Jan approaching- however NEWZ popped the last couple of days and today the calls came back almost even- The problem is that there was no news and I can't find anything that explains this increase except happy owners saying great stock! !Go NEWZ! I'm worried that it will fall back again and this close to expiry, my calls will decay fast. AND we're flying out tonight so I won't be here tomorrow, although I assume our hosts have a computer- (They have teens) it does seem rude to work.. Should I put a sell on them now for the morning where they are-and take a tiny loss---or hope that it might go up and set the sell a little high (say 2 or 2 1/6?) or not do anything and worry all New Year's? Any opinions from any of you wise and wonderful people would be greatly appreciated--!! I seem to be paralyzed by indecision. It may matter, too, that I stand to lose a LOT on IBM and MU puts in Jan. TIA!!!! penni, the paralyzed player

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