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To: Cactus Jack who wrote (7834)	3/16/2000 6:43:00 PM
From: Voltaire	Respond to of 35685

Hi jp, because the reason for his sale was to raise cash more or less for an emergency and when people do that they generally had no intention of holding the leaps and will be unsatisfied generally. You have seen me write to never buy back on the up swing but IF one is going to do that then do it under control to where it does not snap back and cost you. Ask Dealer about her big mistake today that she did manage to rectify but almost cost her about $50,000, she posted it on the thread I believe. v

To: Cactus Jack who wrote (7834)	3/16/2000 7:36:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

buyback calls slowly so that you can allow them to decay somewhat it is possible that QCOM could rise 8-12 points over a few weeks but LEAPS might not rise by more than about 6-8 pts apprecation of the CREE or ELON shares in the meantime would finance some buyback then again, could sell LEAPS on either of these still guessing that QCOM will be more sluggish also, after meeting a FedCall, everything reverts to normal margin buypower might reappear, thus allowing partial LEAP buybacks thanks VoltaKrishna, selling LEAPS is a pinch maneuver / Jim