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To: Seldom_Blue who wrote (4715)3/12/2000 5:08:00 PM
From: Jill  Read Replies (1) | Respond to of 8096
 
Interesting positions, and it looks like you got in early (I'm assuming since some of the calls are way DIM). Curious why WMT? I used to like to own that stock.



To: Seldom_Blue who wrote (4715)3/12/2000 5:22:00 PM
From: Jill  Read Replies (2) | Respond to of 8096
 
Hey, just went and looked at the WMT chart---I'm trying to find stocks under $100 for a friend who I am slowly but surely easing into the stockmarket. Don't want him to get too nervous so I won't pick volatile high fliers. So I see WMT really retraced, apparently because of oil price worries (they have the largest fleet of trucks) and interest rate jitters. So they're down to 48 from the 70s. You sold March 50s cc so you don't think it'll get above 50 this week?

In fact the leaps are dirt cheap. The 02 50s are about $13 and the 02 75s are 6.



To: Seldom_Blue who wrote (4715)3/12/2000 9:01:00 PM
From: Poet  Read Replies (2) | Respond to of 8096
 
Seldom,

That's an awful lot of exposure, complicatedly positioned, on a wide range of stocks. I think everyone here knows me as a tightrope walker, but even I would be sleeping uneasily these nights, with a Nas correction in the wind, if I had your positions.

that's my honest 2-cent analysis, knowing nothing about your background, net worth or risk tolerance. If you're thinking you may be in too risky a place right now, consider selling some half-positions and sell puts on some these issues ratherthan straight call positions. With my training as a psychologist, I tend to follow the adage of "If the hair on the back of your arm is standing up straight, you're scared and get out".