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In a message dated 11/18/99 11:03:30 PM Eastern Standard Time,
whs@xxxxxxxxxxxx writes:
<< Another way to play the PSFT trade is to buy some PSFT leaps (call side).
The ones I bought on Nov 12 were "WOZ AD (PSFT JAN2002 20 call) @ $6.
Today it closed at $ 10 3/8.
By the way, if you're interested in option quotes, here's one very useful
website:
"http://www.tradepbs.com/cgi-bin/dbsclient?TYPE=F3&TAG=01QUOTEquote";.
A word of caution. One of my systems gave a buy signal on PSFT tonight. I
think (for myself, at least) it's too high to get in now. Better wait for
some pullback. (Maybe a good intraday oscillator-type indicator will do
the trick: wait for it to back down to an oversold level and cross above
this level..)
Regards,
Wong
ps: The main reason I was in the PSFT leaps is during the last 12 months,
I had been buying PSFT (then) leaps and losing - the old ones I've been
holding are now almost worthless - exercise price = 35. I've been watching
this stock very closely, and only recently did it show any sign (? - guess)
of revival. >>
good morning
these are in my ira account
in an ira you can only sell covered calls and not buy calls
i will be selling 50% of my position in all of the big winners today
nice weekend
Ben
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