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To: michael r potter who wrote (2993)	5/30/1999 3:54:00 PM
From: RRRoarr	Read Replies (2) \| Respond to of 4467

Buying back options at higher price than sold is very very bad idea. In fact, I never buy back options. Period. Let'em expire worthless or dare Ms Market to take underlying stock away. If she takes'em away, you should clap your hands & jump in exhilarating joy. In the 7 yrs I have been writing options, only 20% have caused the underlying to be called away at expiration. Every single one of the called-away stocks could be bought back at lower price within 6 months, most of them at 30% off or more. Option writing is win-win-win. Of course writing should be done only after stock has run up quite a bit. Q-911