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To: Seldom_Blue who wrote (6332)	4/12/2000 11:23:00 AM
From: surpow	Read Replies (1) \| Respond to of 8096

Seldom: I have long calls on GMST that are way under water also. Because of the wash sale rule, I cannot even sell the calls and buy common. Trying to figure out how to deal with this myself. I may not have any choice but to ride it the expiration. You are not alone. I have aug 75s and 95s that were well ITM two weeks ago. I took the position hoping to exercise at least half of the contracts. Now all I am hoping for is a pop post merger announcment or earnings run to roll out, maybe to common or November at a higher price. Noah