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To: RocketMan who wrote (2438)	2/8/2000 6:14:00 PM
From: Poet	Read Replies (1) \| Respond to of 8096

Hi RM, One question: Why go out to June on the CREE calls? Why not trade the DIM March series? I agree with you in principle, though, about buying DIM CREE calls. First support is about 140, BTW.

To: RocketMan who wrote (2438)	2/8/2000 6:56:00 PM
From: Jill	Respond to of 8096

You gonna cook your JDSU in Corning glassware at the speed of light or something? :-) How much did they appreciate (the calls). Selling half to exercise half is great since you can sometimes get them for nothing or for a very small cost basis, and avoid tax. Then if you write covered calls and or sell puts on volatility you can keep reducing cost basis. CREE seems on such a run I'd try to exercise amuch as possible. Those were smart purchases, I remember when you made them and wish I had too.