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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (3248)	7/6/2000 6:00:38 PM
From: tekboy	Respond to of 6516

<<Have you considered forgetting what they were worth at their peak and preserving some capital?>> um, like a bank in distress, the bad loans are still being carried at face value on the mental books and the managers are hoping for a miracle to avoid facing the unpleasant reality of the situation. This spring was all a bad dream, no? Besides, the proceeds from this transaction were long ago designated as going towards paying off some margin debt; let's just say that the calls need to go up a bit more for me to get a bit more comfortable. <<Or, if you are holding them as an all or nothing play based on the merger putting them back into the money, might it not make more sense to switch them for the tvgia options?>> that's actually a clever idea, and perhaps I should think about it. But having ridden these babies up and down and part way back up again, I'm sentimentally inclined to dance with the calls that brung me. tekboy@howstupidishe?he'sgottensentimentalaboutoptions.com