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To: Sig who wrote (11080)	8/7/2003 3:13:41 PM
From: im a survivor	Read Replies (1) \| Respond to of 13815

Good points sig.....understand your dilema. At least you kept your calls and leaps. Frankly, I know you get much better leverage with calls then with stocks and you can make alot more profit on alot less invested, but I am very careful with calls and leaps now. Stock does not expire. I got burned on some RMBS and AOL leaps, that at the time, I thought no way I could lose. Lost 100%!! Now, I am far more careful, and any calls and leaps I buy, is for a trade only. Take my profit, as soon as one is there, and run like the wind. Not trying to hit a home run with them. I'll take singles all day long, as long as I continue to get on base <ggg>....but no longer try and swing for the fences. As for DELL, I'd much prefer to hold the stock then calls or leaps. You brought up a very good point, on top of mine. I have little doubt that shareholders of dell stock will be happy in the long term, but who knows what will happen next year or year after. Dell stock is pretty safe if your looking at the big picture, but calls and leaps are still very risky. In hindsight, I wish I had not sold my rmbs and aol and switched to leaps. At least I would still have something, and more then likely, both will be higher doooown the road. And even if they flounder, they are worth more then zero, which is what my leaps ended up being worth. Funny, but I wanted to sell those leaps and salvage some money, but a few people talked me out of it, saying I had TIME on my side, so I didnt sell. Then they kept going down until they were worth nothing. Feel much safer with stock. May not have the leverage, but at least have some form of safety. Good luck.....what Dell Calls/leaps you have? I've looked at them, but again, feel safer with the stock, so am waiting for right time to buy.