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To: Robert K. Sims who wrote (6994)	7/27/1998 4:58:00 PM
From: sibe	Respond to of 10786

I bought some calls (options) for Feb 99. If the Q2 numbers are good, that's fine. If the numbers are not so good, I have till next Feb for the price to go up. I think that the Y2k problem will be taken much more seriously come Jan 99. Many programs have already used 99 in their date field for other purposes. Also, companies will be doing one-year projections and other tasks ending in 00. Thus, I think there will be many problems occurring in Jan 99. I also finally got the nerve to buy puts in the S&P 500 for March 99. I expect a natural correction in the market by then, plus computer-related problems in Jan 99 because of Y2k as explained above. So while I think the market as a whole may start worrying, Y2k stocks may look good. I'm also holding on to my precious metals mutual funds even though they've gone down lately. But with Y2k panic, anything's possible.