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To: Mohan Marette who wrote (77951)	11/11/1998 8:31:00 AM
From: Joseph Francis Torti	Read Replies (2) \| Respond to of 176387

Hi All, I need help. I am holding November 60 covered call for 4.3/4. If I move it to Nov 70 paying $4.00. Wouldn't I be off setting for no lost at all? Here is an Example of what I think I can do. If I buy back my Covered call now I would cost me $1,179.00. At a price of $11.50 now. If I then off set that with the November 70 giving $ 4.00 I would automatically gain 1,329.00 including commission I would just gain ten point alone on my long that is frozen at $60.00. Does all this sound right? Joe the Loser

To: Mohan Marette who wrote (77951)	11/11/1998 9:06:00 AM
From: Boplicity	Read Replies (2) \| Respond to of 176387

Further proof that PE means very little, it's what people are willing to pay, that determines the value of a stock. Much like land. Greg