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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (1333)	3/2/1998 10:27:00 PM
From: Sal D	Read Replies (1) \| Respond to of 29382

Sergio, sorry to take up so much of your time but you raise another question or two 1) Lets assume I do want to convert the call to shares and sell them immeditaly. Do I then need the 125,000.00 in my account to cover the purchase even though I will make 20,000.00 on the buy sell transaction. I think you already answered this but Im still not sure. 2) Lets say its close to the expiration date and there are no buyers for my calls at the 5.00 price. Does the issurer always have to buy them back from me or could I get stuck into having to convert them into shares and not have the money in my account to cover the purchase(I still dont know the answer to #1 above witch would clear this up) In other words if I want to sell the calls is there always someone who has to buy them back from me even if its a day before expiration or do I have to hope for a buyer. I hope you understand this question. P.S. I have been in a prospector kind of mood latley. Another spec. I stumbled on today is Network Imaging (IMGX) up 27% today. They did have news today and looks like they had a good last quarter. Also insider buying latley I cant remember how much though but it is in my insider buying folder so someone inside has bought some recently. Could be another one in early stages of a turnaround. Might be worth looking into I did no FA on it. Joe