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To: Clappy who wrote (19968)	5/24/2000 12:07:00 PM
From: LLCF	Respond to of 35685

<If he covered nearly 100% of his holdings by writing calls stretched out over various time frames, wouldn't that also protect him?> No. He would have to but puts as well [ie. sell synthetic stock]. <Can his margined shares be touched if they are protected by covering them.> Yes, his broker can and will buy back his calls at the market and blow out his stock. <If QCOM goes out of business, he loses everything anyway. The odds are certainly better that QCOM remains the Gorilla it is destined to be.> This is a scary statement, which is why I'm so adamant. If he doesn't sell his stock he will owe his brokerage firm money on an 'out of business' opening. He could work for years to pay it back, how can anyone say this seriously. Look, I'm long Q, I love the stock and the story, that's not what we're talking about. <IMHO this market correction has a limited life. Fundamentally, nothing has changed with QCOM and the other companies mentioned.Eventually things will begin to rise again, like it has. Buying time appears to help this person remove his margin debt when he wants to. Rather than, when he has to.> Look, we're talking about a guy getting daily margin calls... and you're saying 'wait till it recovers'. <Again, I understand your position, that remaining off margin is the best thing for an investor to do. However, doing it at a better price than this low point may be more suitable.> That's not my position, we're talking about a specific example, and a specific remedy... DAK

To: Clappy who wrote (19968)	5/24/2000 12:27:00 PM
From: crdesign	Respond to of 35685

Hey gang, My old college roommate has landed himself a music gig on the web. Please give him a listen tonight if you have a chance. <That's right. We are broadcasting live to the world and hope at least 15 people actually hear us. We are playing tonight - Wednesday, 5/24, 2000 at 10:00pm EST. Locally, tune in to WMFO 91.5 FM in Boston. Worldwide, you can listen to us simulcast on the web at 130.64.208.92:8000/. Click "listen" in the top menu bar and you should be all set. Hope to hear from you soon, Billy Dee P.S. The Medveds finally have a CD now. 26 action-packed love songs that are shrink wrapped, bundled in a 10 pg. color booklet and barcoded. Any interest, visit us at: assquatch.com If not, don't come crying to me!> Thanks for your support. It is actually great music and lyrics. LOL, Tim