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To: kcmike who wrote (2862)	5/18/1999 2:03:00 PM
From: Rob Palmer	Respond to of 4467

OT - Mike, you are not intruding at all. Thanks for your response. Couldn't you enter the transaction with an intention to unwind prior to expiration and limit your downside (barring a large premium of course)? When I say limit the downside, I understand that you could go to zero, but theoretically the difference between the premium and zero could be much smaller in dollar terms than a large downswing in the price of the stock itself. I will admit that this would be risky and that you would have to be determined that the stock was going up. I will admit that I am not very well versed on most option plays and sorry if I am mistaken. Regards, Rob