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To: Herm who wrote (11589)	9/23/1999 9:18:00 AM
From: Dan Duchardt	Respond to of 14162

Herm, As I write, ROST is up 1 3/16s! That was before the split. After split it was up another 1_1/4 in pre-market this morning. I for one am rooting for you. I bought some Oct_40s about one day too soon to capture the dip. My BE is 21_7/32. We can stay optimistic together. Dan

To: Herm who wrote (11589)	9/28/1999 6:12:00 PM
From: Dan Duchardt	Read Replies (2) \| Respond to of 14162

Herm, I'm disappointed in the price movement of the ROST calls. I bought Oct40s prior to the split at the ask price of 2_7/16 on a stock price dip below $40. Split adjusted, my basis for the Oct20s I now own is 1_7/32. The best quote I've seen since the split was 15/16 x 1_1/8 with ROST at 20 1/2. It seems to me that time erosion cannot account for the drop in the option price, which has gone down while the stock has gone up about 3% from where I bought. Could you comment on this situation? Is this a natural consequence of the split? Is the general decline of the market causing call option prices to fall faster than one would estimate based on deltas? TIA Dan