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To: lindelgs who wrote (24023)	6/30/2000 2:02:15 AM
From: Dr. David Gleitman	Respond to of 35685

Good Morning Lindelgs (1 day cycle later). Just started reading the posts. My nurse called in frantic that her 2 year old son grasped a frying pan that contained hot oil resulting in 25% burns over the baby's body. Mostly 2nd degree and some 3rd degree (proper nomenclature is partial thickness vs full thickness burns). Makes you wonder how in one moment everything is OK, then suddenly, your life is in turmoil! Her child is in a burn unit right now. My heart goes out to them. RMBS. I got burnt selling the 62.5 cc's. I was debating for a moment when rmbs was shooting up in the 130's-140 to sell the cc's, but I was afraid that i would get caught with my "shorts" down once again. I held back from selling any cc's feeling that there has to be time to backfill the rapid price increase. Although, I don't want to see a profit turn into a loss. My cost overage on rmbs now is 91. I'm hoping for a nice run once again within a week or 2 and sell cc's once again for July. I sold the July 200 cc's (help me, I can't stop myself) on BRCM. That was when it was 160 or so and the premium was 6 3/4 points. Now it's above 200. Feeling that there is pressure for the various funds to buy brcm now that it's in the s&p 500. They figure 3.3-3.5 billion dollars worth must be purchased (if not already done) which translates into 16 million shares. I'm considering rolling the july 200's to the August 220's. What I have learned from rmbs is that sizable pullbacks are possible and that there are 3 weeks plus left over before options expiration. I was even considering selling part of my rmbs to buy more brcm and sell the calls at or near the money just to collect the premium. It's funny how most people will only diverge their strategy only after they have executed their play. Now that it is comming to the end of the second quarter and that the window dressings are being finalized, it should be interesting to see how things will be in July. I did sell 1,000 qcom to buy more brcm at 191 and sell the July 200 calls for a $13 premium. In the meantime CREE is sucking big time. Does anyone have anything positive to say about cree. I would have to hate to sell it at a loss. David