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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (1573)	4/9/1998 10:43:00 PM
From: md1derful	Read Replies (1) \| Respond to of 22640

SF: Just to pick your brains a bit...I am still long the April 120's which I picked up at 5..obviously I'll have to liquidate next week and would like to sell into some strength (duh!). Recall I had sold the 105 leaps at a nice profit when the stock fell through 125 and then purchased the short term options above. What is the best way to remain long in this stock..I don't really want to short any puts as I'm not sure I have the stomach for it!! I was actually thinking of purchasing the stock outright and thenplaying the consequences of the breakup as it occurs...but that ties up a lot of capital and I would really like to continue to take advantage of the leveraging in this stock...any ideas???Thanks, have a nice weekend..I, like you also can't wait to see what happens on Mon.!