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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Holtzman who wrote (4836)	1/20/2000 3:46:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 24042

I totally empathize with your move today. I'm in the same boat. I've been thinking about selling some out-of-the-money calls against my long position. Did you consider that? If you have a Jun 115, you could sell a Mar 250 for like 20 or so and keep that if the stock drops back. Not a bad idea. I don't generally do spreads. I have most of my $$$ in long term shares (if buying 6 months ago is long term). I'm now a Prisoner of Profits! Can't sell because of the taxes, not that I want to. I keep a small portion of $$$ short term to see if I can time the market. I keep it simple by just buying calls -- usually far out and in-the-money. I'm trying to be more patient and find the bottoms. Am expecting a dismal Feb.

To: Bill Holtzman who wrote (4836)	1/20/2000 3:54:00 PM
From: SJS	Read Replies (1) \| Respond to of 24042

Bill, Just a recounting of what I did. I sold calls at 155 (now 77.5). Then SOROS started buying JDSU. Some 80 points later......I gave up my stock at 155. Remember the recent analyst price targets....and earnings, and the split coming up. Good luck.