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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: margin_man who wrote (20042)	2/4/1998 12:23:00 AM
From: Jay Mowery	Read Replies (2) \| Respond to of 36349

Patriot, MAn! I ain't been somkin' nothin' but Winstons!!! I didn't realize it would have to go up that much to drop them to 1/4. How do you figure those out like that? Is there a formula? Dumb question! 'course there is! Can you tell me how to figure that out Patriot? Also, In reading Rick Da Bears post! I was just looking at the March 20 puts. If I can pick up the calls at about 1/2 in the morning. Close the feb. 20 position on a slight move up take the 500.00+ dollars. I'll have the calls already. If PAIR does drop back! I sell March 20 puts for 2 5/8 or so on 5 contracts. I'll pick up about 1200.00 again on the march puts. If PAIR goes up at that point. The puts will reduce, I buy them back and close the position with a gain. Then if PAIR really moves I sell the calls back at a profit also. Make sense or do I have a real BAD carton of Winstons? Best, Jay