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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (30683)	12/16/1998 10:20:00 PM
From: PAR	Read Replies (1) \| Respond to of 33344

Selling those calls is sort of betting that the under $500 PC market is not gonna explode in 99. I think it is!

To: Joe NYC who wrote (30683)	12/17/1998 12:07:00 AM
From: kash johal	Read Replies (1) \| Respond to of 33344

Jozef, >Re:I don't think if I would have done that. The longest I would sell >would be something like April or May. If there is an upside to NSM, >I think it should come in 2H99. Well, you are probably right. But I had doubled up at 14 3/8 with a cost basis of around 13 1/2 for a ton of shares. If NSM explodes I will max out profits at ~$23 / share. And if things explode down hill and NSM hits $9-10 I will still be OK. At that point I may write some puts. If NSM putters around in the $13-17 range over the next year 20% profits is not too shabby. It may not have been the smartest thing to do but that was my thinking anyway and it helps me sleep a tad better at night. Regards, Kash