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To: im a survivor who wrote (9087)	3/24/2000 1:28:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 35685

PS I have RNWK at a cost basis of $72. Was thinking of covering but was waiting for a higher price. Would anybody cover now.....the april 75's I think were giving about 10 - 11% or so. Keith,,,,,,,,,By the way....TOM, where do you see LPTHA going. It's looked great the last couple days. I like the low float. Unfortunately, I didnt average down the last few days, but I have a sizeable position nonetheless. I am loking at selling half at about $85 and letting the rest ride for awhile. You have any targets ? Thanks

To: im a survivor who wrote (9087)	3/24/2000 2:24:00 PM
From: Dealer	Read Replies (3) \| Respond to of 35685

Not trying to say anyone is wrong in their strategy...just trying to make a statement....for the people that are learning. KG4---If you want to play the market like a lot of people here are doing..(and I am guilty sometimes myself) take your pick. There is a problem on this board and here is what it is: Voltaire's strategy is not of those that want to squeeze every dime......to buy back would be squeezing. Nothing wrong with that, if you're lucky and astute.....and if you were you should not have to come on this board and ask what to do. Voltaire's strategy is for those that are satisfied with a % a month and are willing to let the calls ride until expiration day or the day before and at that time buy them back for less because of the time lapse. This is what makes this system stress free. You are adding the stress back in. It is very hard to teach someone to sell calls properly....especially over the internet.......and when you have all the different people coming on the board suggesting that people buy the calls back it is very difficult for those that are learning. Those learning don't need the confusion for a few months. They are babes that need to drink milk before they are given whole foods. They are still using training wheels. A lot of us on this board are well aware that there are other plays beside selling calls......but we need to be careful when we post our plays that we are not confusing all of the people that are trying to learn "Step # 1". Just trying to help and encourage those that are learning. dealer

To: im a survivor who wrote (9087)	3/25/2000 1:10:00 AM
From: Dr. David Gleitman	Read Replies (5) \| Respond to of 35685

Morning Keith: Having faced this dilema of being taken out, you can do several things, you can roll the call to the next month (or longer), but if you do it, it is usually best to roll them right by the end of options expiration friday (unless there is a hugh pullback on the stock before then). I usually do this at around 3:45 pm on friday of option's expiration. Let the broker to the roll, it takes to long to to it on your own, even with cable/DSL. It's worth the extra money. Another thing that you can do is to place an order to buy additional stock on friday of options expiration and let the take out these new shares at a higher price. For example. You own BRCM at an average cost of 150, and it's trading at 240, and you sold the april 220 calls. All you have to do is to buy stock on that friday at 240 and instruct your broker that you want THOSE SPECIFIC SHARES to be taken out, as opossed to the shares that you bought at 150. Even if you don't have the money to cover those shares, don't worry, you will be taken out on the weekend before you evne have to pay for it. What's even better, you now keep your stock that you bought at 150, and also picked up some paper losses (since you paid 240 for the shares which will be taken out at 220, thereby giving you some paper losses to offset any gains that you may already have. Hope this helps. Other opinions will be welcome. David