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To: FR1 who wrote (4068)	1/10/1999 11:54:00 AM
From: David Harker	Respond to of 29970

Franz, thanks for the reply. I agree entirely about 'this is not your father's stock market'. That's why I mentioned the possibility that this price spike could last a lot longer, making me 'semi-stupid' for selling when I did. However, the selloff also may severe - lots of people have huge profits that they don't want to lose. Regarding puts, I've read quite a bit about options and understand the basics of buying/selling puts & calls. I've never used them, but I agree that the method you suggest would preserve the bulk of my gains, should the collapse be a big one. I may do that in the future.

To: FR1 who wrote (4068)	1/10/1999 9:13:00 PM
From: Moose	Read Replies (1) \| Respond to of 29970

David / Franz, why not just buy some out of the money puts? How 'bout some Year 2001 Leaps? Feel bullish long term and don't care to weather the turbulence? Buy Long term at the money calls and forget about the stock. I did. What great leverage too. I was lucky enough to buy Jan'01 60 calls at under $30. I don't need the money now so the stock can do what it wants and I won't care until we're within a couple months of Jan'01! At that point, I figure I'll be more worried about color Turbo 911 I want than what the price of ATHM is;-) -Moose