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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Whlan who wrote (3757)	12/17/1999 8:25:00 PM
From: Ghassan I. Ghandour	Read Replies (1) \| Respond to of 5102

Jerry When I sold the Jan. 15, I got 2 1/2 (my limit order). They did go over 3 when the stock rebounded to 15 3/4 for a short time. I also sold the Jan. 15 puts for the same price when the stock was down trending. This way I got 5 points. So, either I keep that when expiration elapses or the covering shares go for an effective price of 20 or I get new shares for an effective price of 10. It is a win-win IMO. As the volatility in the stock subsides, the prices will go down substantially. Also, there are several days when the market will not be trading during the coming period until the January expiration. Already this week-end I gain two days. Remember, what I sold is essentially time. It is a great game. Try it ... I NEVER buy options unless I short a stock then hedge my position with calls. Ghassan.