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To: Jim Cash who wrote (27595)8/24/1999 1:08:00 PM
From: ribman  Respond to of 93625
 
I'd be more inclined to sell those puts and put the proceeds back on the bus.

jmho



To: Jim Cash who wrote (27595)8/24/1999 1:12:00 PM
From: Zeev Hed  Respond to of 93625
 
Jim, I do not play options, so according to our thread you should not solicit my advice on options. But, since it is not worth more than $.02, here it is. I would not buy the Sep puts here, just in the second day of a breakout. I would wait to see how the $101-$102 area is handled first (If we get a lot of volume and no progress on the price front, then protect yourself, and more toward the Oct rather than Sep period), and if that is breached, how the old time high is holding. It is my "gut feeling (worth only $.01) that both will be taken out. If you agree with that, wait for signs of weakness to buy any protective puts.

Zeev



To: Jim Cash who wrote (27595)8/24/1999 1:22:00 PM
From: Jdaasoc  Respond to of 93625
 
Jim:
Just bought back my short Sep 90 PUT @ 4 which I wrote @ 10. Buying PUT may be good idea if Mr Greenspan causes mild selloff. This MSFT up 5 1/2 sure sounds like sucker rally to me.
jd