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To: RR who wrote (23719)	6/27/2000 7:59:00 AM
From: im a survivor	Respond to of 35685

<<Keith: Way to go! U EXECUTED! I think you will be a lot better off in that 03 position, and no margin debt either. Congrats on your plan.>> Thanks Rick....but I am not totally out of margin yet. Working on it, but at this point I need a little run so I can move some QCOM and SNDK calls. If I sell now, I take a loss and dont help remove much margin. But if we can get somewhat of a run....even to where I get to break even on the calls, I will bail and that chould help get the margin down to less then $5k which is nothing. Thanks for all your help, and please..... keep on keeping on !!

To: RR who wrote (23719)	6/27/2000 8:35:00 AM
From: im a survivor	Read Replies (1) \| Respond to of 35685

Well, I am now eliminating all margin in my fulls ervice account with Smith Barney. Selling remaining AOL shares and buying equal number of the 03 $40 LEAPS. I figure in 2 1/2 years, AOL will be a major player, as they are now, and should be a steal at $40. Or, I am sure if it runs anytime it will give me ample opp to trade out of the calls at a substantial profit. The worse case scenario...aol does squat. Well, if thats the case, did I really want to be holding the actual Stock ?? I mean shit, if aol is gonna do nothing for 3 years, then obviously I would be wasting my time holding the stock, so the calls allow me to control just as many shares, but gives me a little more leverage to work with. Lets see how things go.....By the way Rick. Do you have any opinion on VIGN. I know you only follow a few at a time, but VIGN sure looks cheap in the $40's. I have a bunch of calls on VIGN which I could sell for a small profit right now. I was debating whether to hold for a July run and then sell, or maybe sell now and actually buy the stock to write CC's on. The premiums are very nice on VIGN. Can buy the stock at yesterdays close of $45 and I think the July 50's were paying like $5 or thereabouts......anyway, just porchin, strategizing and trying to figure out a way to make some damned $$'s !!!! Keith