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To: zenker who wrote (460)	1/4/1999 11:45:00 PM
From: Sam Scrutchins	Read Replies (2) \| Respond to of 692

Any opinions on the April $32.50 calls anyone? zenker, Take it from someone who can be overly piggish. If you get a nice pop tomorrow morning, sell and wait for a minor pullback. Then get into the Jan 37.5's (or Jan 35's). Protects some principal and really doesn't affect leverage very much. A 1/2 point drop in the bid should allow a breakeven. Of course, you risk missing a continued movement, and this is not a transaction to limit downside risk all that much. Just sort of a safety move that will probably work, especially if Max-Pain is realized. Another play is to use the same downside movement to transfer to a longer holding period. Your choice. I've not been too good at doing this in the past few months, but I did have my day in the sun last year. Sam