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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (29029)	4/25/2000 2:22:00 PM
From: S. maltophilia	Read Replies (1) \| Respond to of 42523

CB- No difference. Writing = selling

To: Ilaine who wrote (29029)	4/25/2000 4:11:00 PM
From: advinfo	Respond to of 42523

Hmmm, QCOM buys into NetZero yesterday and now Chuckie buys into E-Loan. I wonder if the institutions have been dumpster dining on the fallen i-nets as well. Pump and dump round II could be right around the corner.

To: Ilaine who wrote (29029)	4/25/2000 4:15:00 PM
From: advinfo	Respond to of 42523

It's the same thing, you're the casino when you write/sell.

To: Ilaine who wrote (29029)	4/25/2000 4:22:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 42523

CB, Don't know if you got an answer about the writing covered calls. If they are writing calls, they are taking a bearish position. They are saying that they think that the stock is going down and they expect the calls to expire worthless or at least to buy them back at a cheaper price. It is a good way to hold on to one's position and still make money in a falling market. However, if the market goes up, their stocks can get called away. I think that in the context of the string of messages leading to this one, this would be very good advice in a bear market and not bad advice as I believe was asserted. (however, I think we have hit bottom, though we may pullback in a contracting trading range). JXM