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To: RocketMan who wrote (56316)12/23/1999 11:17:00 AM
From: Poet  Read Replies (1) | Respond to of 152472
 
Rocketman,

First, congratulations on a good investment bought at a good time. As for your question, I'd asked the same of edamo this morning and we haven't heard from him yet. Actually, my question was about the 2001 LEAPs, which will convert to 2002 LEAPs in May of 2000, whether to roll them out to the 2003's at that point. I'd think you'll be very happy with your return until 6 months before your 2002 expiration (May 2001). At that point, you'll be very DIM and may want to exercise instead of selling the LEAP and rolling out.

Any other opinions?



To: RocketMan who wrote (56316)12/23/1999 11:58:00 AM
From: waverider  Read Replies (2) | Respond to of 152472
 
I just did one of my stock for LEAP things. Sold some common at 148 11/16ths (I could hear the broker giggle over my stupid move) and bought 2001 $430's...gave me a 3 for 1 leverage advantage.

Interesting thing happened though. I use Fidelity. I had my limit order at 148 1/4. I saw that pass and go to 148...no fill...no fill...then it went to 148 3/8. Called...HEY, what's up? Annie said they sent it to the Pacific exchange...the 148 was from Chicago.

WELL, send it there, eh?
She did.
Got in at 147 5/8ths.
Got the web executed commission price too.
COOOOLLLLL.

Jill, freeus...others...can I join your little options club now?

Rick Leap