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To: Skeeter Bug who wrote (41903)	1/5/1999 10:42:00 PM
From: DavidG	Read Replies (2) \| Respond to of 53903

Skeeter, Yes I know what you mean and you are right...and it is certainly the time for the bears to get their butts scorched.:-) You have to be careful with those April PUTs b/c they have a large premium built in and certainly more than the Jan Puts. Now since you had them for a while (even if you bought when MU was 1 point higher) you still lost money. The hourglass is always dropping sand that you can never get back. Currently the MUPHs closed at 1 11/16 to 1 13/16 which is the record low for this option...and your high was about a double. My personal strategy is always to take the double and then wait for a lower price to get back in to try and make up for the bleeding premium. I have yet to successfully buy and hold options and make money. I have only been able to make money by trading the options ...and by holding on to them for a very short period of time. Good luck Trading DavidG