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To: Art Bechhoefer who wrote (26281)	4/6/1999 12:56:00 PM
From: gdichaz	Read Replies (2) \| Respond to of 152472

To Art: Re LEAPS (not LWIN but options for Jan 2000) Much appreciate your view. My thoughts are similar. Tentative plan has been all along to begin to lighten up a bit starting in July and all sold or converted by December. But this is a little like riding a tiger - not complaining mind you - gains beyond my wildest dreams to date. Expect to sell some, then use proceeds to pay long term capital gains taxes (ugh) and convert some. Trying to think ahead. Do you have a view on whether better to sell or to convert deepest in money vs those less deep, for example. Know this is a highly specialized discussion, but hope some other folks have a few LEAPs (calls) too and might chime in. Thanks. Chaz