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Technology Stocks : SAP A.G. -- Ignore unavailable to you. Want to Upgrade?

To: singletree who wrote (3316)	9/24/1999 5:48:00 PM
From: Jacob Snyder	Respond to of 3424

SAP holding up while US market tanks. This is why I diversified into a non-US company. My other risk reducer is Nasdaq puts. We seem to be establishing a new, higher trading range, with a bottom where the previous top was, around 35-36. The out-of-the-money SAP calls I bought in March are now almost in-the-money, up 60% in value, and still have 16 months to go. I'm thinking about adding some 2002 calls, if this floor at 35 gets tested and holds a few more times. And if we go back to the 31-36 trading range for a while (possible,not likely) I'll double my stake.