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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (114981)	6/8/2000 4:01:00 PM
From: niceguy767	Read Replies (2) \| Respond to of 1571785

Jozef: Re: "I just sold the rest of my June calls, and bought some July calls. The premiums are out of this world! I bought some in form of a spread (bought 90, sold 100). We better break 100 this cycle....... ....... This should be enough to move the stock to 100 to 110 range." Comment: I'm still holding tightly to my June 80's and 95's. I just think the recent volatility is a sign of an imminent (i.e before June expiry) breakout on the upside...One of these days it's going to keep going north, imho...hopefully my timing parameter is accurate...(I do confess that my June 80's did look better at $97 than $87, though...ah with 50/50 hindsight, we'd all not have any worry...it'd be no no fun though!)

To: Joe NYC who wrote (114981)	6/8/2000 4:22:00 PM
From: TimF	Read Replies (3) \| Respond to of 1571785

I took the money from the sale of my RMBS straddle (thanks for the idea Scumbria) and used about half of it to pay down margin while the other half went to buy 1 July 95 call order. My reasoning was similar to yours Joe. I think Duron introduction and the run up to what I think will be a very positive earnings report will put the shares above $100 easily. If I was convinced of Niceguy's prediction of $120+ by July expiration I'd hold on to the call order to exercise it, but being slightly less bullish I'll probably sell on any solid gain (either that or sell out of the money covered calls on my 200 shares, maybe both). OT I put in another offer for a house and again it wasn't accepted. I think I'll keep putting in low to moderate offers trying to get a good deal, rather then aggressively trying to pay what it takes even if it means I have to wait a few months. Would my option debt be counted against me when I try to get a mortgage? Tim