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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?

To: Russ Motter who wrote (1723)	4/3/1999 5:13:00 PM
From: Angler	Respond to of 4916

Hi, Russ: When you said "180s" that left me down here at below ground level. I haven't the guts for options of that magnitude. I've got calls on LRCX which were really leaps way out but at 17 1/2 and covered with puts at 30 when midway the stock began to slip. Now it looks like I've hit with the calls as Novellus appears to be a suitor. Options on my part have mostly been puts to protect a long position. I'll have another look at FSDCX as I'm dropping out of FSUTX - one of my poorer holds now. Thanks for the usual good info. Angler