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To: freeus who wrote (89788)1/18/1999 8:59:00 PM
From: BGR  Respond to of 176387
 
freeus,

My sympathies are with you regarding your "problem". :-)

Assuming that fundamentals have not changed, IMHO the strategy will depend on the time premium left in the option. If that is relatively small, I would sell the option, pay the tax and roll up and out. Otherwise, I would hold.

-Apratim.

PS: I believe that Y2K is way over-rated. May provide some short-term opportunities though.