To: RR who wrote (30811 ) 2/9/2001 3:58:12 PM From: im a survivor Respond to Thanks RR.....yea, using the analogy of differance in strike price plus premium versus current price I can see how it may give you reason for pause....you mentioned I believe it would need 68% appreciation just to break even....Very good thinking.....but I was also thinking more in the lines of filling the gaps. SUNW was just $34 I believe only two weeks ago.....with the plumett in naz, down came sunw as well.......With that in mind, I really am not looking at the $41 price I would need to break even in two years if I wish to take position. I am looking moreso as the leaps as a trading vehicle. i figure at $6 the downside is minimal. IF the naz runs, sunw should run back to above $30 I would venture to think. Looking two years out, if we get back to a healthy market, sunw could easily see a nice rise.....I do like the fact that I have two years....lord knows we are all in trouble if Naz is still hurting in two years, so.........and again, if we re-trace the gap from only two weeks ago on the upside, the leaps should be ITM and a double or close to it from todays price......Thanks for the advice.......ugly market....no telling when a bottom will hit.....but still not selling my quality issues like qcom, jdsu, atml and etc......and I still like those sunw $3 - $40 03 leaps....cheap, lots of time, and a not to far upward gap that needs to fill...if we dropped that far in two weeks, I hope we can rise that far in 2 years <ggg>.....Thanks again,,,,have a great weekend.......I assume you have been getting stopped out of alot of positions, and then re-entering lower, while preserving capital?!!!?... Me? I'm just holding on and hoping that one day this nightmare ends and we at least get naz back to 3500 - 4000....I certainly hope thats possible within a year or two...but who knows at this point....Have a great weekend
