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To: stubba who wrote (164757)	4/16/2001 6:49:27 PM
From: hlsjones	Respond to of 176387

you darn bippi! "...if you thought IBM stock was going to stay between the apr $90 put sold and the apr $100 call sold" HJ

To: stubba who wrote (164757)	4/16/2001 11:24:09 PM
From: hlsjones	Read Replies (1) \| Respond to of 176387

Butterfly I studied on the charts some more this evening and I still agree with what you said but I don't think IBM will stand still. I think it could go up as much as 12 to 15 or down as much as about 8 depending on earnings. The butterfly could still work but you would need to be real close to right. Almost broke the 100 today. If I was really going to play this I would, most likely, just go for the bull put spread. Take a look at what happened last quarter and I don't think IBM's business is really as bad as everyone seems to think. I don't trust it though - I'll sit this one out. HJ