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To: len bt who wrote (2238)6/3/1999 5:24:00 PM
From: Trey McAtee  Respond to of 2902
 
len--

i think you did the right thing... i would place the DS risk at about the same point, but the upside i would move considerably higher. i will probably start taking profits on the option side of my position around 115, though i expect it to run to at least 120-130, or about a 50% retracement of the decline.

good luck to all,
trey


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