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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Petz who wrote (2700)	7/28/2000 2:14:50 PM
From: DRBES	Read Replies (1) \| Respond to of 275872

I just hang onto the common for the long term. Regards, DARBES

To: Petz who wrote (2700)	7/28/2000 2:17:15 PM
From: minnow68	Respond to of 275872

Petz, You wrote "We hate to admit it, but Elmer with his consistent put selling is probably ahead of most of us for the year" I've also been writing puts like a madman this year. I've now had slightly more than 300 contracts expire worthless or I've bought them back. Despite the profits on the puts, my profits from simply holding 14,000 shares have been significantly greater. That said, my net worth is probably about 15% higher than it would have been without the put writing activity. It comes at a price though. I worry about my liability all the time. Mike

To: Petz who wrote (2700)	7/28/2000 2:29:58 PM
From: RDM	Read Replies (1) \| Respond to of 275872

<We hate to admit it, but Elmer with his consistent put selling is probably ahead of most of us for the year.> One of the disadvantages of rolling putts over frequently is that all of the income tax is short term unless you do it in you IRA. I believe Elmer uses his IRA. For non IRA funds the effect difference in tax rate can be major. Day trading also has this tax problem if you are successful. I added 15% more stock to my AMD holding this morning. I think we have seen the worst of this slide. Scrumbia was very close with his call of the bottom at 70 1/2.