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To: Ibexx who wrote (92155)	1/19/2001 4:43:55 PM
From: Sully-	Respond to of 152472

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To: Ibexx who wrote (92155)	1/19/2001 5:06:26 PM
From: Uncle Frank	Read Replies (3) \| Respond to of 152472

I'm having difficulty understanding your comments, Ibexx. >> I was referring to investors who thought they could leverage through call buying. I can't think of another reason to buy a call (other than hedging a short position). Is there some other value to buying calls other than leverage? >> These folks usually don't worry about timing (of selling) as the pros do. What one buys with an option is time - and the opportunity to "time" a sale at a profit. Far from being a secret restricted to the pros, I think that's fairly common knowledge. What part of your message am I missing, Ibexx? uf