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To: Chris who wrote (4794)	12/9/1998 2:07:00 PM
From: John Harton	Read Replies (1) \| Respond to of 11051

Chris: Congrats on your excellent LEAPS results! Exited the last of my INTC Jan00 Leaps today @34 7/8 bot @9 1/4. Share your vexation at not having a good entry point to buy the Jan01's except during Oct when I was cash poor. Looking for reentry points '108, '98 and too good to be true ~90 (all in my admittedly amateurish reading of the chart). Would really like to hear other opinions on when to step back in. FWIW have learned much watching MG, Berney and the rest of the Dudes employ buying and selling in stepped stages rather than "taking the plunge". I talked to a close friend who has always owned INTC who recently let his broker convince him to exit @98 the whole lot. Now this is a bright guy, but I could hear the bulb lite-up over the phone when I mentioned "stepping". Still holding PFE, CPQ and AMAT leaps as well as "long term stocks" that pose little risk as the have already "corrected". Limit orders in for CUBE short term options and LEAPS. May have missed a "hit and run" opportunity with my internut puts but I still feel the pain will come. BWDIK etc. Re: INTC Even F-16s stall out eventually when they fly vertically...Don't they?? -John PS 30% cash.