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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: LWolf who wrote (3573)	8/11/1998 7:24:00 AM
From: Rob L.	Read Replies (1) \| Respond to of 21876

Laura, how do you figure you don't have to worry about market gyrations with long term calls (Leaps)? Calls can be more painstaking that owning the stock if you GUESS wrong. With options, you are also limited by time. At least if you own the stock and it goes down you have forever (assuming a company doesn't go bankrupt) to let it come back. With a call, if the market nose dives for several months or god forbid a year, your calls will be worthless and you will lose everything you bought the call with. That seems like a big worry to me. Advising someone to buy calls is bad advice. You should be telling them to write calls with a portion of their shares, that is where the long term sustainable profits are generated. Regards Rob