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To: Lizzie Tudor who wrote (74674)	8/19/1999 12:30:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

...especially after gap openings

To: Lizzie Tudor who wrote (74674)	8/19/1999 12:48:00 PM
From: McNabb Brothers	Respond to of 164684

Michelle, That is the reason options are meant to be sold! They are a wasting asset, no if's, and's, or but's about it! Sell when stocks make big moves when the premium jumps up and buy them back when the premium is sucked out of them or better yet just watch them waste away to $0 on expiration day! Hank

To: Lizzie Tudor who wrote (74674)	8/19/1999 5:44:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 164684

>>>>So I doubt going from puts to call intraday on days like today is profitable.<<<< I hear you! However, we know that KissyPoots is paper trading, hence no slippage! --Olu E.