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To: Boplicity who wrote (10837)4/4/2000 12:04:00 PM
From: DOUG H  Respond to of 35685
 
LOL! Dukes of Hazzard. I think I have a dusty, remote corner of my restaurant that needs to be cleaned, or maybe a weed has emerged in my lawn. I think I'll go look for it.
Beats selling stock near a bottom.



To: Boplicity who wrote (10837)4/4/2000 12:29:00 PM
From: im a survivor  Respond to of 35685
 
Unbelievable. I dont know whether to laugh or cry.

Well, I had to do something. Margin was eating me alive.

This is what I did. I had no choice but to try and free up some cash, without losing my shares. I sold a boatload of elon for a huge loss, and replaced with may 50 calls for $8.00 apiece. Sold a bunch of csco and replaced with 2002 leaps at the $120 strike. Held all my IARC, but also bought may 15's for $3.50. Sold some jdsu and replaced with jdsu may 120 calls and a couple hundred more shares of rnwk at $46. Sold some lptha.

So, all in all, I replaced alot of my stock with calls, that I PRAY hit the strike price's, and added to my rnwk position, while hopefully freeing up some margin leverage.

I still hold a little elon, along with the calls...I still hold some jdsu along with the calls.....I still own some lptha, although I lost my ass on the chunk I sold.

Hopefully, this carnage ends soon,,,,,