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To: Percival 917 who wrote (4766)2/23/2000 7:50:00 PM
From: Voltaire  Respond to of 35685
 
Hi Joel,

well if anyone is going to do that at least you should have a few points to play with because of the run up. Another play would be to write about $10 in the money calls and therefore you save yourself the short term sell and when you buy back you would probably be looking at a short term loss.

Amazing after our meeting today how this really drives home having at least half your holdings covered in such a market.

T