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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Tenebrous who wrote (10531)	11/25/1997 3:25:00 PM
From: Douglas Rhodes	Respond to of 25960

Not a tax guru by any stretch, but I think your answer may be some CALL OPTIONS. The May 22.5's and 25's look quite nice.

To: Tenebrous who wrote (10531)	11/25/1997 3:29:00 PM
From: jim shiau	Read Replies (1) \| Respond to of 25960

Tenebrous, Sell JAN@20 PUT for $2.5 or JAN@22.5 PUT for $4. Jim S.

To: Tenebrous who wrote (10531)	11/25/1997 7:31:00 PM
From: Greg Jung	Respond to of 25960

Wash sale. You can't switch to options because of the proviso, "substantially identical" securities. You can sell and wait 31 days, then buy back. Or you can buy (double up), wait 31 days, then sell. Alternately, and probably safer, you can put the money from cymi sale into another stock in the sector, say AMAT. If the sector runs again, cymi would probably lag until earnings report. Greg