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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: briank who wrote (27201)	2/4/2000 12:51:00 PM
From: JavaGuy	Respond to of 64865

Its been the "thrill of a life time". (untill I bought CREE and NTAP((sorry JDN, I know you like EMC)). Brian, I also bought CREE a while back and doubled up at 110, Had to sell CSCO to to it, but it worked out well. Also have a 5 bag on the June 90 calls. I think CREE will be huge, I'll probably hold the calls then exercise in June. Did't buy NTAP stock, but have a double on the July 70's. More than made up for the drops in my CMGI and QCOM this year. Anyone know the tax treatment of exercising calls? I've never done it before, just sold 'em. Like CREE, if I exercise, do I take the loss on the calls and establish a basis on CREE at 90 in June? IF so, sounds like a good deal to me... -JG