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To: xiangheng xu who wrote (6292)	12/19/1997 2:36:00 PM
From: Alok Sinha	Respond to of 64865

Just a word of advice on options. A buy and hold mentality (like in stocks) usually does not pay very well if you hold options (due to volatility and fixed maturity). I usually establish a % gain target and sell even at the risk of missing upside because % gains from options can evaporate in a giffy. You can usually enter into the next higher strike option at a low cost if you are concerned about future appreciation. Also the cost basis is irrelevant so it is always advisable to ignore that in any sell decision. Just my 2 cents. Good luck. Regards Alok