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To: SliderOnTheBlack who wrote (64527)	4/13/2000 6:53:00 PM
From: ItsAllCyclical	Respond to of 95453

Slider, I've been using 10-20% calls during the last 3 months and it's helped me considerably. However, I cut back with this recent market weakness. If we do see capitulation in the techs though (say 15%+) I may have the confidence to use them again in a big way. If we see $14 PGO I may just make a 10-15% portfolio bet in Calls like I did with OXY. I think you can still hold PXD till this Jan for a double. (Trying to avoid short term gains). FST and BSNX may spike, but PXD will be a slow steady mover imho. Their mediocre to poor hedges will be gone by summer and their production increase won't show up in a big way till fall. As such PXD will continue to show improvement throughout the year. As a balanced play I feel pretty good about making it a core holding for capital gains. I tend to sell the issues that spike and keep the slow/steady movers for core holdings.

To: SliderOnTheBlack who wrote (64527)	4/13/2000 6:57:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

RE: the play on the VPI calls - found it... ===================== The guy that bought $687K of May 10's by: SliderOnTheBlack 1/18/00 5:35 pm Msg: 1112 of 1919 is doing very well - allmost a double in less than 30 days on his "Calls." re: 12/27/99 <<This was a MASSIVE Call Option buy thursday. 2,500 calls at $2 3/4's ...Do NOT underestimate a $687,500.00 BET on those options... bank on it, I am !>> Kudo's - and he aint done yet... $600K - not bad for a months work, huh ? I think this SOB runs thru $17 here shortly - that one single trade will make that guy over $One Million profit - now, that's trading... ============================ well, not a 10-bagger; but a 4-5 bagger however - $687K now worth about $3-3.5 Million or so... not bad work for a couple of months. Hmmmm SargeK; whatta ya think: FGH Aug $10's for 5/8ths; if ole' FGH could see $13-$15 by August; we could retire (VBG)~