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To: slipnsip who wrote (8156)	6/30/1998 2:39:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

As time goes on, I am beggining to believe that this thing will continue up with the sector until some news story breaks the back of the whole sector.. David, Tommorrow will not have window dressing. Let's see what happens then to the entire sector. Glenn

To: slipnsip who wrote (8156)	6/30/1998 6:20:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 164684

Here is the trouble.. When the news hits, the corrections will be so severe so quickly i.e. gap down, that it will be difficult to unbox and make any significant profit. David, To deal with that situation, I unboxed a long position and replaced it with purchased call options. (I.e., I created a synthetic put). It costs money to keep this in place month after month as you replace the calls, and it costs more money if you elect to ratchet up the call strike price as the stock skyrockets. However, at the end of the day, you would fully participate in a downdraft when/if the downdraft takes the stock below the call strike price. Moreover, you don't have to sit glued to the computer wondering when/if to pull the unbox trigger. You just wait. Gary Korn P.S. You can always unbox the long call position too.