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To: Jan Crawley who wrote (262)	5/17/2000 4:43:00 PM
From: Libbyt	Read Replies (1) \| Respond to of 57684

Options question... Do you have any suggestions on learning more about Options? This is not something I do, but I am interested in learning more about options. It seems like the options prices greatly affect the trading in certain stocks. I have downloaded "The Options Toolbox" from the CBOE, but I haven't yet studied the material. Can you recommend any good books on Options trading? With the LCOS/TRRA merger there have been some suggestions that LCOS has been heavily shorted due to the brokerage positions in options in LCOS. Thanks! Libbyt

To: Jan Crawley who wrote (262)	5/19/2000 7:01:00 PM
From: Peter Church	Read Replies (1) \| Respond to of 57684

Hi Jan, I hope you got your fill of June 125 Yahoo puts. They might be very profitable. I think we're back to Bear mode as the averages break down again. That conference at Yahoo yesterday didn't convince too many Money Managers to hold on for the wild ride. They are bailing out. I went short Yhoo at 120 today on an exercised option. I could of gotten out with a profit a couple of times over the last couple of weeks when Yhoo approached 110. You know how agile you have to be to play options well. But, I think it will be OK for the ST and perhaps LT. The 110 to 130 range is still intact for now. But, I expect YHOO to break 100 within a month as the Nets come crashing down. Am I dreaming?