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To: T L Comiskey who wrote (64540)	1/26/2000 3:06:00 PM
From: Dr. David Gleitman	Read Replies (2) \| Respond to of 152472

To all: To calm some fears, several months ago, IBM came out with warnings on earning. The stock dropped like a rock (about 25 or so points). I took this as an opportunity to buy the Jan 100 calls which were going for $5.00 (I could have gotten them for $4.00, if I were a bit more patient). Making a long story short, IBM recovered and I sold those calls for $18.00 about 1.5-2 months later. It went as high as $26, but they announced yet another "problem" at their sponsered technology conference. The point, is that these "setbacks" should also be viewed as opportunities. Now all we have to do is find a way to shut Greenspan up (at least for today). The longer he speaks, the lower the market goes. David