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To: Len who wrote (5865)	3/2/2000 2:10:00 PM
From: Cactus Jack	Read Replies (1) \| Respond to of 35685

Len, Just curious, but why did you buy them back?

To: Len who wrote (5865)	3/2/2000 2:41:00 PM
From: Voltaire	Read Replies (2) \| Respond to of 35685

You sure you made money? If you sold them and bought them back for a profit. That means the stock had to be down because 3 minutes is not a lot of time value erosion. The problem is you are no longer covered and you are basically buying and selling options. See, the beauty is that by being covered not only did you receive income in the form of premium but also you would lose only about a third of the stock drop because the calls drop in value also. Basically you are back to playing the Casino again, I am not disparaging you for it because you at least had a profit on your calls but would like to know what stock has done since you bought them back, especially today. This is a great way to learn though. At least by God you did SOMETHING. I also admire you for putting your actions up for the thread to see. thanks, V