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To: Jim Willie CB who wrote (126)9/25/1999 9:46:00 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 35685
 
Re: Q price, FWIW, I think we're kind of range-bound until more is out inre handset sale. We are in a tough market right now. I've dumped all short-term options in Q with yesterday's fortunate rise, moving to common and LEAPS. I'll probably sell some covered calls if we get to 210 on no substantial news. OTOH, the yoyo trips down to low 180s have been good short-term opps. Did the yoyo a bit this past week, buying Oct 170s in low 180s on Wed, selling mid 190s Thur, buying again at 183 late Thur on the absurd selloff (see my comment at that time on Q thread; and BIG thanks to Voltaire for that gimlet eye!), and selling again in low 190s Fri morning. This is all with marginal cash--core common and LEAPS unchanged. Let us remember that we've had a spectacular move from 152 all the way to 199...a little pit stop (cuppa to Mr. Jim) is in order. I look at 190 as "holding pattern" ground pending new developments. Could go either way without much conviction (probably will), and I'd like to be able to take advantage of either development (using common to raise cash or sell calls). Cheers, Mucho Maas (as in mucho mas profitas; G. no more!)