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To: donald sew who wrote (38896)	4/9/1998 9:32:00 PM
From: jjs_ynot	Respond to of 58727

Thanks for analysis. I should have just rolled out of the short call (spread) position when the direction turned against me. I was thinking about turning it around into a bull spread, but didn't. Another case of the technical analysis telling me one thing and thinking I knew the price limits better than the analysis tools. I have been doing some nimble price rolling; but still in a negative position and the quick move toady during lunch just chewed me up. MORAL: Don't think that you are smarter than your tools and close a position quickly when you see the market turn against you. Thanks again. Dave