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Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (14691)	7/8/1998 4:34:00 PM
From: Andrew Vance	Read Replies (1) \| Respond to of 17305

AV--Every so often I venture out of my comfort zone and get bit in the butt big time. However, when an ENMD comes along and I jump on it, it takes the sting out of the dumb plays of the past. ENMD wiped out the BYDS debacle as well as some others. I have a friend who was selling YHOO options extremely successfully for a few months. His strategy was to garner a great deal of premium as possible with a willingness to let the shares get CALL'd away from him. He may some very good plays and finally had the stock called away. He might feel foolish now for now buying some CALLs on the stock but it was never his intention to see the stock run up. He was focused on the donwside since it was not worth its price in the 110-128 area. Well, it just makes it more attractive now for a short or PUT play. I doubt if he bought back into the stock after it was called away. In hindsight, he proably should have or at least bought back the CALLs. However, it is water under the bridge and he did take the stock to the cleaners in his own way. I think YHOO is in for a NSCP fall as you suggest and I am hoping it will be prior to October so the PUTs are allowed to run for a bunch of change. I do not feel comfortable enough today to sell it short. I do not want to freeze a good portion of the portfolio to back up the shorted shares at this point in time. Andrew