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To: jackrabbit who wrote (163542)	1/3/2001 7:37:09 PM
From: hlsjones	Read Replies (1) \| Respond to of 176388

Buy'em back and roll'em out. Don't know what you sold but let's say you sold the JAN20's when the stock was at about $17 and now the stock is at $20.50. Your net worth has now grown by $3.50 and you took in about $.75 for the calls. If you buy back the 20s for $1 the short answer would be that you're out $.25 but as I see it here's the question. Are you willing to give the market $.25 to gain $3.50? I am! Now you have your stock back - no obligation. Sell the $25s in FEB for $.75 or $1.00 and wait to see where you are then. Don't do this to soon. If you had the 20s sold for JAN earlier today they were in the money but not now. Don't fire the gun to soon. As an example: I had MSQ55JANs sold and today, at the pop, I went ahead and rolled them to FEB60s. The market paid me $.25 to do it. Think of it this way. The market paid me $.25 a share for the right to give me $5.00 a share more a month later. Pay me $.25 so you can give me $5.00 later? I think that's a good deal also. HJ