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To: Voltaire who wrote (7441)3/14/2000 2:37:00 PM
From: Getch  Respond to of 35685
 
Thanks for the reply Volt.

I will study this on the bus trip I now get to go on (I coach high school boys soccer, nothing like riding the yellow bus for developing leg cramps). Big game today for the kids.

My follow up thoughts to the ELON CC's got swallowed by computer as it seized right when I hit Submit. Aaaarrrggh.

Will attempt again tonight.



To: Voltaire who wrote (7441)3/14/2000 4:01:00 PM
From: J.B.C.  Read Replies (1) | Respond to of 35685
 
Patience! Ok just to update everyone on my SEBL play from 2 weeks ago. I bought SEBL @ 142.25, and at the same time turned around wrote March cc's 135 strike for $13.25. Today I Covered those call options at 10! Someone just paid me $325/100sh to own SEBL! Now what? More patience, options week always offers opportunities AND volatility. Just wait for recovery in the stock price, it's been beaten down from 175, nothing has changed in the fundamentals, same company. Near term on a good recovery, I'm going to let someone pay me for the opportunity to buy MY shares in May. I didn't panic when the stock price soared $30 after I sold the cc's, and now I don't have to buy shares of something, pay commissions to write cc's against. Patience!

Jim



To: Voltaire who wrote (7441)3/15/2000 2:01:00 AM
From: Dr. David Gleitman  Respond to of 35685
 
Good morning V et al

The evils of procrastination! I set my sights to buy some ELON in the am, but was contemplating which stock to sell. During this contemplative stage, I watched ELON shoot up from 94 to 113. Missed the boat! I put a sucker bet in and placed an order for the day at 100, which to my suprise kicked in. Problem was that I was doing a margin call dance with schwab (which has been going on for the paat 2 weeks, a new record of sorts), I didn't think that they would appreciate another purchase of 1000 shares of elon at 100 with a margin call at the front dorr step. I punched out in the afternoon at 104, and now looking to get back in below 100.

Thanks to all for sharing of your knowledge/insight.

David