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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream -- Ignore unavailable to you. Want to Upgrade?

To: JC who wrote (626)	5/9/1998 6:32:00 AM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 846

Thanks, yes I to am an "option" player but my style is selling naked puts and covered calls; of which I have done both on MCRE. I just hope that by this Friday my May 12.5 CCs don't get called as I'd like to continue holding this interesting stock. As for my August 12.5 naked puts, well I just think I'll let them go to zero this time rather than buy them back for less than I sold 'em.

To: JC who wrote (626)	5/16/1998 10:15:00 AM
From: Option Investor	Read Replies (1) \| Respond to of 846

Thanks JC for the annual meeting info. The selloff does appear to be on low volume. On Friday First Call news came out and the stock dropped for 30 min. but quickly started to recover. I find it disappointing, however, that MCRE closed below the 10 level. Since Friday was expiration I'm waiting to see Monday's close before I draw any conclusions. On the positive side, whenever there seems to be a little buying pressure the stock jumps quickly, which makes me believe that expectations on the company are low. Of course, the company must start to raise the Street's expectations before we benefit. I'm beginning to doubt that this will happen before June expiration (19th) so I am considering June covered call strategies.