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To: Jill who wrote (2807)	2/11/2000 4:56:00 PM
From: RocketMan	Respond to of 8096

I think if I was out of cree and wanted to get in now, I would buy March puts, and when it corrects 20% I would close the puts and go long with September calls. By then they should have issued higher strikes, but I suspect even the 160 might be reasonably priced by then. I just can't see cree going much higher without a major correction, especially with the naz fixing to hgead south for a while. I got some puts yesterday on cree, as you know. Not that it helped today, but I suspect I will make money on them.