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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (3230)	2/18/2000 3:38:00 PM
From: RR	Read Replies (1) \| Respond to of 8096

Bought more CQRID this afternoon. Some techs may rebound a lot the last 15/20 mins of day. Often does on expiration day. Rick

To: Jill who wrote (3230)	2/18/2000 4:10:00 PM
From: freeus	Read Replies (1) \| Respond to of 8096

re cree retracing I like this Not me, I bought 100 shares at 180 today thinking that would be a good price to replace half of the shares I will have called away in June (strike 160, sold for 32 so actually getting 192 for those shares when they leave me, assuming they do.) Oh well. Say I have a question for all: I have some msft April calls that look to be going to be worthless (strike 140): I thought NT2000 rollout would have a BIG effect like w 98 did after all it's a much more important product. But so far it has not. Anyone have any idea if there are any good calls to buy for the next few months for msft that might get some upside from the rollout of NT2000? Or wont there be any upside???? Freeus

To: Jill who wrote (3230)	2/18/2000 4:53:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 8096

My ITWO, TERN, and XLA were my only ups today. Rest took a huge breather. I did buy some more GBLX leaps and bought some options on SE. It looks to be a temporarily unloved but good B2B firm with potential upside. Probably a double within 12 months based on its business and past trading history. I'm using a large number of ATM and just OTM calls in March and July to try to lever-up to a decent long position (probably ~5,000 shares). I have been watching it for a week or so, and saw some heavy (uncharacteristic) buying of March calls today. I thought that might be a precursor to a big move back towards old highs. This is similar to my move in ICIX late last year, and early this year. I turned 200 contracts into 5,000 shares paid for with other peoples' money. Unfortunately, I was conservative and made that change too soon. If I had held out a bit longer, I probably could've had closer to 10,000 shares on my March ATM calls. ICIX calls activity spiked, similar to SE, on the day I bought in, and it took a few weeks to get moving, but it paid off well. I think that the key is to go for the strikes where the activity is. I'll keep you posted on the SE, and let you know how it goes. It's not a gorilla play by any means, but I posted it here for the options discussion... Regards, LoF