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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Tony Lagana who wrote (2511)3/10/1999 3:48:00 PM
From: David Bauerle  Respond to of 30916
 
Tim,

I followed through. Sold March 15 4 7/8, turn around and bought twice as many March 20 1 5/8. Assuming we go up, I have twice as many calls to leverage, and I pocketed 1 5/8 for each March 15 call less commission.

Only downside is if the stock drops, you'll lose your money quicker, but you can always hedge by using the difference to buy puts, and still have twice as much potential on the upside. All around a great deal we did.

David



To: Tony Lagana who wrote (2511)3/10/1999 3:52:00 PM
From: David Bauerle  Respond to of 30916
 
Sorry Tony,

I didn't mean Tim. I was on the phone with a coworker, and type his name instead. Oh Well, as long as we make money.

David


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