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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (32763)	3/8/2001 1:40:44 PM
From: djia101362	Respond to of 65232

Scott- Obviously AVNX is a much better buy than it has been at any point since its IPO last year with the exception of the day when you could have picked it up under $16 for a about 3 minutes in after hours trading. The point I was trying to make is that AVNX looked like it was basing at about 10 different times in the last year on its way down from $270 and anyone that subscribed to your theory, has dug themselves a very deep hole. And if this market is not done tanking, and the naz goes down to say 1500, I can assure you that AVNX will not be anywhere near your purchase price, even considering the call premiums you have collected. You are definitely in a better position than most that are holding AVNX, even those that got in on the IPO ground floor which now looks more like the 10th floor. And if you can continue to get $3 writing calls every other month, you will essentially have gotten the stock for free in a little over a year's time. I am by no means a pessimist and hope that the market tanks. What I am is a realist, one that has taken a severe beating in that past 12 months (I'm sure I'm not alone), that has come to realize that the money I did lose, will not return anywhere near the rate at which it was accumulated in 1999, and perhaps not during the rest of my lifetime. 1999 was dream year for many of us, only to be followed by a nightmare worse than we could have ever imagined. It's time to wake up and face the music, life goes on, it must.