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To: Didi who wrote (11347)	4/6/2000 11:14:00 AM
From: DepyDog	Read Replies (4) \| Respond to of 35685

To the Porch, gotta dumb question please...I just got my IRA account to do CC options. Now while just experimentin with it, I was asked on the Action:Sell to Open or Sell to Close. I didnt understand so thot one of you could 'splain it to me please. Also, is it better to do a market order or limit order? Geesh, it's easier with a broker cause he didnt ask me that stuff other than the limit part. Howevah, I dont know what would be a good limit since this is still so new to me. Thanks for the porch's patience with this basic stuff. best regards, Dep

To: Didi who wrote (11347)	4/7/2000 12:02:00 AM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 35685

Morning (ok, 3 minutes to go until morning!) disu: Survived another day! I found that in doing these interviews (I'm still gunning for a full time slot on CNBC (either that or the playboy channel)). After going through several reversals of fortune, I realized that it is not to difficult to pick up the pieces and build up once again. RMBS gave me quite a bath, but selling the calls early helped cushion it. I'm looking into diversifying into biotech. I bought some calls (08/00 70's on MYGN at 11. We'll see how it plays out. I am a bit disapointed with qcom. I guess it's not their turn yet to go ballistic. I did make a resolution to install an airbag on my notebook computer after experiencing tuesday's gyrations. One of the best aids to use with McMillans text, are a box of darts to be prudently thrown against an option chain list. I just have to figure out whether real feathers on the dart (as opossed to plastic) has any effect on proper placement/selection of the right options call/put. David