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To: edamo who wrote (117955)	4/15/1999 8:41:00 PM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 176387

ED - thanks very much for the detailed answer. " closed today some cpq puts that i held since 12/97..0040 with original 14 premium...was profitable until cpq problems discovered..closed today at 16.5...covered with aol for zero sum gain. covered 5 cpq contracts with every 1 aol sold." You lost me here - you sold the 2000, $40 puts for $14 in 12/97? They are now only worth $16...? The AOL - you mean you sold some AOL calls/puts in order to net your gain/loss on the CPQ to zero? Thanks again. I very much appreciate the detail you go into. Jeff Smith