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To: Voltaire who wrote (5627)	2/29/2000 9:20:00 AM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 35685

Morning V: To elaborate on rolling a call, I recently sold cc 4 days prior to options expiration on BRCM and JNPR, both had the "hell of a nerve" to shoot past the strike price in three days time. I found that as one approaches the end of trading on friday (3:30 or later or friday)you can get a better rollover,as the value of the option that is about to expire in 30 minutes or less presents with the smallest amount of time value left. I also learned not to rely on electonic trading at that time. It's better to call the broker and have them roll it for you. This way you know that you have it. It's an amazing adrenalin rush (yeah, I know, call me kinky, if you will), especially when the computers were down at schwab and the brokers didn't even know themselves if the trade went though or not. The point is, that I sold the feb 180 calls on brcm and it was trading at about 188, I rolled them into the march 200's (the highest value available at the time). It cost me about $9 to buy back the feb calls and got $11 1/18 to roll them into the March 200. What a country! I did even better with JDSU, I sold the Feb 230 CC, when it was trading at about 238. I rolled the calls from the Feb 230's into the March 270's and got an additional $7.00 extra premium for the time. Who need's work!?! David

To: Voltaire who wrote (5627)	2/29/2000 3:11:00 PM
From: Len	Read Replies (3) \| Respond to of 35685

V, At the risk of sounding really stupid, how do you realize profit unless you keep rolling contracts until one finally expires out of the money. Your account may look good but does any of the money actually belong to you? Sorry if this seems dumb but I know I am missing something. TIA. Len

To: Voltaire who wrote (5627)	2/29/2000 4:12:00 PM
From: stockman_scott	Respond to of 35685

...'Fiber Optics in the Home'....FYI... techreview.com --------------------------------------------------------- V: What a day for the Naz...I love triple digit gains...I was very fortunate today...3 of my stocks set net new 52-week highs (CCBL, PASW, and XTND) and many of the other core positions (eg. CMGI and CREE) demonstrated SOLID momentum in the right direction <G>....Even my new biotech stock (BLSI) had quite a run -- it is still my smallest position but IMO has GREAT upside (if the FDA co-operates, their Altropane trial goes well, and they gain a liscensing partner for this blockbuster -- it could revolutionize the way ADHD and Parkinsons disease are diagnosed). Yet, with any early stage biotech firm there is always a fair amount of risk. Oh well, I remain FULLY invested in this wonderful market. Best Regards, Scott