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To: John Stewart who wrote (2724)	3/23/2000 10:27:00 PM
From: mr.bill	Respond to of 3661

John: April 1 is a more than a week from now. Don't kid around with my Jaguar.... Regards, mr.bill

To: John Stewart who wrote (2724)	3/24/2000 10:39:00 AM
From: Q.	Read Replies (1) \| Respond to of 3661

As a hedge, it makes sense, with the present 13-point spread between GSNX and MTSN. If you've got enough buying power, going short GSNX equity is a no-cost way of essentially locking in a higher selling price on MTSN. Otherwise, writing naked calls on GSNX and possibly using the proceeds to buy calls on MTSN is a good play, albeit one that has the problem of a limited time horizon, due to options expiration. I did this earlier when the spread was a mere 4 points, and so I'm presently underwater with this tactic, due to employing it prematurely.