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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: Steve E. Boney who wrote (7850)	11/13/1997 10:18:00 AM
From: bob yahnke	Respond to of 14577

Steve Boney, wait for a some what of a rebound to sell options. If the stock gets back to 8 you might get over 1 point for the April 10 call.

To: Steve E. Boney who wrote (7850)	11/14/1997 8:44:00 PM
From: steve goldman	Respond to of 14577

Not a horrible idea if the market for the stock turns up a bit. I would wait for little more bounce before selling calls. Sell them far out, maybe you can pick up 1/4s and 1/2. Then again you have to wait a few months for each 1/4 and 1/2....You might just do better investing in a 7 stock with a bit more potential. You never know in a market like this. Yesterday, my long term portfolio was down 13% in the last few weeks. Today it bounced back 7%. Crazy market. Maybe they put a short squeeze on and the stock pops back to 8, 9 10. faroujda comes in and a few more...but remember steve, this is the long shot. I like playing the odds favorite. Anyway, if there were a magic wand I could wave to get you your cash back, I would but there is no such thing. Thats why I play the favorites and not the longshots. Good luck. Call if you want to talk about it and formulate a bit of a plan on how to approach this disaster. What % of you assets are in the market? this stock? Hopefully you didnt get too buried in this thing. Regards, steve@yamner.com 201.791.4449