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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: D.B. Cooper who wrote (11050)	7/31/2003 11:30:18 AM
From: Sig	Read Replies (1) \| Respond to of 13815

Good show on the Tern, you mentioned that one several times I had to unload something to keep the margin down(or uo) Always hate to sell Dell, but sold 100 for around $34, = $3400 Bgt 1 call aug 32.5 for $1.85 which is ITM so it goes up same $ amount as the stock So I dont lose the profits on Dell if it continues up and the $185 invested provides the same return as the $3400 This is called leverage. But if stock is at 32.5 or less in three weeks I lose the entire $185 Hope you have lots of Tern Sig