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To: Jay who wrote (67699)	11/1/1998 11:25:00 PM
From: Elmer	Read Replies (1) \| Respond to of 186894

Re: "Do you think it's time to begin selling leaps?" I have begun selling Jan '01 120s. I've gotten $13. This leap is rolling so you can get in and out, or should I say out and in? EP

To: Jay who wrote (67699)	11/2/1998 12:41:00 AM
From: Ibexx	Read Replies (1) \| Respond to of 186894

Hi Jay, Its great to be back. Re. selling of LEAPS: it all depends on the maturity dates of your LEAPS and the trading patterns of the underlying stocks. With INTC 2001 calls, I am inclined to wait a bit more, but for y2k varieties, it wouldn't hurt to take profits as the time premium will start to decline exponentially after Q1 1999. However, I have been selling and buying--leaps as well as commons--the more volatile stocks such as QCOM, AOL, PFE etc. Regards, Ibexx