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To: The Perfect Hedge who wrote (10075)	1/29/1998 11:26:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 95453

Do not sell the May calls. Back up your calls with stops if you can. No need to sell them. Your Febs will start loosing premium quickly now. If stoped out, check to see buying into May or Julys makes sense. Don't go crazy because we have a run-up. Make a plan. We are still below the bearish resistance line here so I want you to be careful. Do not buy back the Febs no matter what. Always buy in the money and far out in expiration. If you stop out on the febs and have to buy something, buy less with a lower strike (10 in the money is best) and farther expiration. The math works out with this. Buying more options for less is NOT the best way to do it. Jan