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To: jeffjl who wrote (463)	1/5/1999 9:48:00 AM
From: WebDrone	Read Replies (2) \| Respond to of 692

Jeff, I have "replacement shares" That is, I bought 200 shares at $32 3/4 and sold at $41 1/2. Then I bought 2 Jan 40 calls for a little under $3 each. In my situation, I'm just trying to keep my profits AND stay in the game- as long as things are looking good, I'm going to try and hang in there, hoping for a little short covering burst. We've seen what LOOKS like a strong effort to manipulate the price down and Max-pain at $30 (which could just not be valid this time around, we'll see!) If upwards momentum fizzles, I could see selling fairly quickly (next couple of days) and then waiting for the price to drop just before earnings, then get back in with longer and deeper calls? As you can see, I'm just a very little investor, trying to learn the options ropes. They are very powerful- so I'm taking it really easy until I know what I'm doing mo-better. Web