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To: surpow who wrote (6739)	4/20/2000 12:17:00 AM
From: Jill	Respond to of 8096

I got out of some of GMST profitably and held some more from way back, but I bought more at 80 at some point and caught a falling knife when I sold it, and not so gracefully, so...I was half smart and half dumb I still think there's hope for Aug and I still have a few Aug 75s and am just holding--the deal was supposed to go through in June I believe

To: surpow who wrote (6739)	4/20/2000 8:18:00 AM
From: Poet	Respond to of 8096

Good morning Noah, Ouch on your GMST calls. It sure got badly hit, but did you read the article on GMST that Frank posted last night, saying it's currently terribly undervalued and comparing it to QCOM (something all G&Kers figured out a while ago). I've been in situations like yours and here's what I do: You have August 75's and 95's. Add to both positions at the current sale price, reducing your cost basis significantly. Set a sell limit on your 95's at a breakeven price. This leaves you with a larger amount of the 75's (which have a higher delta) at lower cost basis. All JMHO.