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To: Cosmo Daisey who wrote (9392)	3/27/2000 5:01:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 35685

<<KG Funny you should mention IARC. I have been adding to positions also but your posts brought my attention to the call premium. This is too good to pass up. I will write some APR22.5 and higher as the price moves up. I can let some go and hold the core position. Eighteen percent for a month is a great premium. cdaisey@in-fla-lookin-for-jwcb.com>> Thanks Daisy, and yes I agree. I like IARC long term and will continue to hold my core position uncovered. However, as you say, with the premiums currently in the 18 - 22% range, I think it's too good to pass up. I'll gladly pay the $22 - $23 a share and then take 20% upfront. If they take my shares, so be it....if not, I'll gladly hold the shares and write some more next month for another 20%. Isn't america wonderful....and isnt cmgi looking too tempting under $120...I mean, is there anybody out there thar does not think cmgi moves much higher from here...sheeez. I dont care if it drops to $80 this month, I'll still bet we are at $200 - $300 be year end...maybe alot higher as cmgi can make some big moves as we all know. Anyway, I have a large position in cmgi, but wont mind if it gets larger. I'll be buying every $10 interval on the way down, and my CMGI will not be covered...at least not until we are much, much, much higher. Have a great afternoon. Keith

To: Cosmo Daisey who wrote (9392)	3/27/2000 5:29:00 PM
From: im a survivor	Respond to of 35685

Daisy...and anybody else for that matter. In looking at the IARC calls, I see the May 30's giving 15%. 15% upfront for about 7 weeks...if the stock does not get called, obviously, you just made a quick 15%, but if it does get called, the extra $8 is another 40%, for a total of 55% in 7 weeks. This may not be a bad play for IARC, as we could just as easily be at $20 in 2 months as we could be at $80. 15% aint bad if it doesnt get called...sure it's not as good as 15% in 4 weeks, but for 3 more weeks, you get the possibility of an extra 40% if IARC goes up. Just some thoughts anyway...... I'll look at this further tomorrow morning but would love to know what you and others think. Keith