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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (47544)	2/17/1999 11:40:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, I have sold the last piece of my spread conversion on Dell by getting rid of the Jan 55 2001 puts. I still have puts on Dell, but not that far out and that far down. In all honesty, this was a lousy spread conversion and I made little on it. Something like 2% for 3 months. They usually work better than that. In fact, I haven't had one work this poorly in a long time. Still, it annualizes out to more than 8%, so it is not a total waste compared to bonds. Sorry, AR, you followed me into my one spread conversion turkey of the past 6 months. <G> MB