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Re: goodluck post# 135855

Thursday, 07/31/2003 8:48:28 AM

Thursday, July 31, 2003 8:48:28 AM

Post# of 704041
You may want to check, I think that writing calls on a LT stock negate the special tax benefits of long term holding, but I am not sure. As for the stock itself, it just printed a new recovery high yesterday and if we don't get a major retrenchment, it could continue its march to $75 in the next six months, for now, because of the rate of advance, the mental stop is quite far (just under $49.5) and may jump up $2 if $60 s taken out here in the near future. If you think a major retrenchment is probable and you want to keep the stock, then the $45 looks good, but I would still close the position if $49.5 is breached on a closing basis. Also in BRCM at $20.90. In edit: and QLGC at $43.75, MERQ at $40.29, EXPE just under $77 and JCOM at $ $54.30, ready for a morning gap.



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