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To: BGR who wrote (89764)	1/18/1999 6:55:00 PM
From: Devil's Advocate	Read Replies (2) \| Respond to of 176387

Apratim, Excuse my naive question, but how do you buy LEAPS? Are they traded? I'm interested in knowing more about LEAPS.

To: BGR who wrote (89764)	1/18/1999 7:47:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

reLEAPS Thanks Apratim. I have some LEAPS. I am slowly changing from short term calls to LEAPS. I actually am a little leary of yr 2000 and the public's impression of what it will do, so want to be out of all options except 2001 and 2002 (when they come out) by the summertime. The problem with LEAPS is success. i.e. I have a 65 strike LEAP for cisco: its tripled and I now dont know whether to exercise it or sell it (paying taxes on the gain) and get how many csco leaps I can buy further out for the money. Any suggestions? Freeus