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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Thomas DeGagne who wrote (8004)	7/18/1999 9:20:00 PM
From: John Stewart	Read Replies (1) \| Respond to of 10921

Thomas; The stock I am considering doing this with only has options into Jan right now, so I can't do the Leap thing. The neat thing is you can take in roughly 1/3 your money right now without having to pay taxes this year. Frankly it is very unusual for options to get called in a full 3 weeks before expiring, so I would not be that worried about it. The other neat thing is if we hit a downdraft and the stock was not called in you could increase your holdings by 50% from buying at the lower levels with the premiums. I am also considering, for my next stage of selling in 2000-1, of selling out of the money calls, a few months out, as the stock reaches technical resistance levels. I'd do this with my IRA holdings. Best Regards, John Stewart