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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (62)	12/27/1999 3:13:00 PM
From: Zeev Hed	Respond to of 30051

Steve, this is more than a triple, pretty good for less than few weeks work. I agree with your assessment, you can roll back in at a higher price if we breach $22.75 on VLNC, it will shut up fast to the $27 or so, IMHO. I am doing very little except ANCR which I got in again this morning just under $69. Looking for getting out of BRCD in the next few days, and as you know, I got out of VLNC last week. Zeev

To: Steve Lee who wrote (62)	12/27/1999 3:18:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Zeev, I find triples are quite common in my options trades. Now if I could only do something about the other two thirds of my options positions that expire worthless <G>.

To: Steve Lee who wrote (62)	1/11/2000 10:43:00 AM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Sold the INTC Feb 80 calls for 11 3/4 when the stock hit 89 1/2 figuring we might not get past this previous all time high. As it happens I left some on the table with the runup now paused at 91 1/2. Would like to get more calls at a lower price if possible. Also looking at picking up some Microsoft calls. From memory, they always get a nice run when a new OS is released. VLNC also is showing strength - if it can stay above 19 1/2 at the close then it might be back in its 19 1/2 - 22 1/2 range from the end of last year, or it might even break higher. CPQ is moving up slowly today. Hopefully my Jan 30 calls will be in the money before expiry at the end of next week.