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Technology Stocks : Inktomi (INKT) -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (1897)	3/12/2001 7:30:53 PM
From: chic_hearne	Read Replies (1) \| Respond to of 1945

I was doing buy-writes in the $90-150 range and got my shares called away every single time. It was crazy, front month at the money paying 10-15%. Tried to catch a falling knife at $13-14, but that's not going too well. I'll just patiently keep writing more calls and rolling the procedes into more of the common. If it hits $5, I'm going to buy 10-20K and write the '03 $5 call on the whole lot (I only have about 1500 shares now). That would give a cost basis of about $2.50 on those shares. You'd think it couldn't go any lower than that in 2 years, but this market is humbling. Best of luck.... chic

To: Jack Hartmann who wrote (1897)	3/14/2001 2:12:23 PM
From: chic_hearne	Read Replies (1) \| Respond to of 1945

Hi Jack, Geez are we gonna print 5.xx today or what? I'm buying more, but will wait until next week. Book value is 6 3/4, so you'd think we should be somewhere near the floor, or is that ZERO for a floor? ha ha Who knows, that book number may be suspect if they become unprofitable in this downturn. I don't like the options being repriced either. I'd rather that employees with high strikes have to wait it out and not be able to sell if we pop up a few bucks. JMHO chic