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To: bonnuss_in_austin who wrote (30683)	8/27/2000 12:56:15 AM
From: RR	Read Replies (1) \| Respond to of 35685

Bonnie: Yes, it is difficult and risky. It has taken me years to get to this point and I've lost many times along the way. I tell my friends that try options that I believe it takes at least 3 years to get good at it. Until then, it's like paying tuition. No, I don't own the underlying stocks, just options. Very risky, but potentially well above average returns. Thanks comments. Take care. RR

To: bonnuss_in_austin who wrote (30683)	8/27/2000 3:21:18 PM
From: freeus	Respond to of 35685

I know someone who hold LTB&H in his margin account and is always in margin and holds ONLY leaps and other options in his IRA: he has made a bundle, but it's a fine line and he does it full-time (for himself). Freeus I've been looking over my monthly statements, from 1998 to now. The biggest winners for me were Dell and AOL and Qcom leaps. My qcom stock was a loser (I've sold it all now but still have Qcom leaps). Dell stock made me big money in 1998-in fact my account went up almost 500%. Qcom and Yahoo leaps made me big money in 1999- my account went up 400% but I've lost a lot of the gain from 1999. I won't ever ever let a huge gain just sit there. Not ever again. Big gains in a very short time frame are like the famous (notorious) tulips...and they WILL evaporate. I'm holding a lot of SSTI and ATML right now as I think they will come back. I'm holding JDSU '02 leaps and GLW leaps and just 100 shares of SDLI (but bought at 397 yikes what a price for a stock!). What are you holding now and are you LTB&H? My worst losses have been on Qcom calls and on CTXS(I'm so embarrased over these because both were at a HUGE gain) and (for a while) GMST....GMST is now on a nice gain but I watch it carefully and if it changes it's mind I' m out. How much money do we need? I guess that's the bottom line. When we reach it do we cash out? Cash out some and keep the rest for "play"? Or just keep playing? Freeus