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To: Tim Cruise who wrote (711)5/5/1998 4:32:00 PM
From: Nero  Read Replies (3) | Respond to of 2135
 
Tim,

What pain? It's only paper. Reading the Times' piece did it for me. It was impulse buying, but I have few regrets. I really am ready to sit on what I still believe to be a gold mine. If I'm wrong, it won't be the first time -- just one of the more costly mistakes.

I was looking at Aug. 60 calls yesterday and tried to write 20 for $15 -- nice 25% hedge -- but e-Schwab wouldn't recognize the newly issued symbol and I was too lazy to call it in.

Today those calls had fallen so violently that I was too pissed off to chase them.

I hope the shorts don't take this as fodder -- witness KTEL's bounce. Not that I believe KTEL deserves 10% of its value -- but in this market of KTELs and AOLs corporate value is a very slippery animal.

Good luck to you too,

nero



To: Tim Cruise who wrote (711)5/6/1998 6:23:00 PM
From: Silicon Trader  Respond to of 2135
 
If you have some time read the Ktel thread for the last three weeks , you will see many people who took major loses just to see the stock drastically rebound

I think Nero will be fine

GO NRAG MBA