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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: patrick tang who wrote (17455)	3/19/1999 5:51:00 PM
From: Wolf 2	Respond to of 25814

Thanks, Patrick. But to sell off LSI and incur the capital gains to buy SEEQ, probably not a good deal. Actually, this is what I had in mind: Sell covered calls on LSI and use the proceeds to buy SEEQ. Using a 1000 shares of LSI as an example: Sell LSIGG (July 35's) on an up day for ~1 3/4 =$1,750 Buy 700 SEEQ for ~2 1/2 Best scenario, LSI is between 30-35 in July and the options expire worthless while the SEEQ will be 3.285, a gain of 31% on SEEQ.(In reality, 131% since the option buyer paid for your SEEQ) For the deeper pockets out there, add as many 0's as necessary.<ggg> Regards, Wolf