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

To: Jack Hartmann who wrote (1902)	3/14/2001 4:03:27 PM
From: cyberman	Read Replies (1) \| Respond to of 1945

Finktomi employees Stinktomi and may their options Sinktomi

To: Jack Hartmann who wrote (1902)	3/19/2001 2:06:08 PM
From: chic_hearne	Respond to of 1945

Jack, as expected all my March calls expired worthless. Sold more calls and bought some more of the common with the proceeds. I'm in below $9 now, still under water but better than getting in last year for sure. I'm being stubborn with the first shares I bought and went out to July to write the 12.5's. I have some 15's expiring next month and I'll go a few months out and write the 15 again. For the new shares I'm going at the money. If the market calms down a bit, I'm going to make a larger purchase. Today you could buy at $6, sell the Jan '02 for $3, meaning $3 per share needed up front. If INKT stays above 5 in the next 10 months, meaning it can still go down about 20% more in the year, that's a gain of 66%. If it goes below 5, well ya own the shares then. With book at 6 3/4, I'm willing to own it at these prices. If it rockets to $50 somehow, I'm not going to be bitter about leaving a ton of cash on the table. chic