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To: Cactus Jack who wrote (5881)3/2/2000 5:18:00 PM
From: Len  Read Replies (1) | Respond to of 35685
 
JPG,
The idea of buying back when the share price exceeded the strike price was an original option. I just decided to grab the quick profit.

I then sold new calls with a lower strike price. When the time comes and if the share price is higher I will decide whether to let the stock be called or roll into another call. One lesson is that you should always be ready to have your stock called. Frankly, right now I won't be broken hearted if EMC gets called.

Make any sense???

Len