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To: HH who wrote (4645)	8/28/1998 1:25:00 PM
From: yard_man	Respond to of 86076

I would wait at least for 1 - 2 points in the money before selling. I have UTX Jan 80's there, but still waiting. I don't think the selling is over near term (1 - 2 weeks).

To: HH who wrote (4645)	8/28/1998 2:43:00 PM
From: Cynic 2005	Read Replies (4) \| Respond to of 86076

HH, I expect a market meltdown to occur in two weeks. KO may bounce a cople of times at 72 - strong support. I recommend two strategies: A) When it bounces off 72 next time, sell for salvaging 2/3rd ($value) of your money you put in your NOV 70's and the rest ride. B) Sell to recover all of your money after two weeks and let the rest ride. That is, if you put $1000 salvage 650 under plan A and $1000 in plan B. In both cases, let the rest ride till early to mid October. Take my advice, I don't use it. -g- Good luck! Buy those Jan XRX 70/60 puts, man! After a good chunk of puts on ETEC expired, it promptly tanks. I had a 'stingy' open order to reopen another batch - it never saw day light. Sigh! -MMV