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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: Alan Gallaspy who wrote (3317)	3/4/2002 1:43:44 PM
From: LemurHouse	Read Replies (1) \| Respond to of 3813

I don't know yet. This has been one hell of a run, and I've got a bunch of calls that are now in the money. AMAT MAR 47.5's and NVLS MAR 50's. Still two weeks to expiration, so I can wait to see what happens. My guess is that they will come back a bit and I won't have to face that decision, but who knows. I should have closed out the NLQCJ's a week or two ago when they were very cheap, but I was too greedy. (The spreads on NVLS options are particularly egregious so I tend to avoid round trips there.) Missed an opportunity. If I do let myself be called out, it would only be in the expectation of buying back in fairly soon thereafter because I do want to be in the stock. Foolishly or not. Last month I let myself be called out rather than buy back some AMAT 45's, because I didn't think we'd have this kind of move yet. Obviously I was wrong. Seems too early to sustain this kind of move, but WDIK? AD