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To: Normandi who wrote (7543)	4/5/2001 11:12:47 PM
From: DownSouth	Read Replies (2) \| Respond to of 10934

Danke, Norm. I am still afraid to raise my head above the trenches!

To: Normandi who wrote (7543)	4/12/2001 12:16:39 AM
From: Uncle Frank	Read Replies (3) \| Respond to of 10934

I'm inclined to hang on to my ntap shares, but there will be some pain between now and earnings and for a while thereafter. Rather than try to time it, I'm going to write covered calls tomorrow morning. Ntap calls command a high premium. With the stock closing at 16.56, nulev (May 12.5 strike) were bid at $5.10. If ntap opens in the mid 14s, they should still command about $4. I see it as a reasonable hedge and some nice income in return for the pain. jmho, uf