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To: edamo who wrote (397)	6/22/2000 5:52:00 PM
From: Tom K.	Read Replies (1) \| Respond to of 1115

...perhaps close the 330's(july?) sell the puts(july)... Ed, as long as the issue is dropping, the CALLs lose value and therefore increase in worth to me. No reason to close a position that is increasing in value..... 330's are still worth 9. Re: the PUTs..... will wait until the issue shows a bottom or reversal. My read of the charts is that the current drop has room to go. I don't like to sell PUTs in the face of a dropping issue..... I use it as a bullish strategy. Tom