Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 8.900

-3.2%

3:59 PM EST

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To: Mary Beth Ford who wrote (2937)	5/29/1997 10:22:00 PM
From: Stephen M. DeMoss	of 3256

Dear Mary Beth, Congrats on the successful trading to date. I need to know which month you bought them for. If its June, I'm sure they are nearly worthless or a sixteenth; so I would just hold. If its July, again they are probably worth little like 3/16's. Again I would probably hold. Since you say you bought them a ways back, you probably paid about a buck (if you bought in Nov. they could have been as high as 23/4), so I would tend to hold them all. Another choice would be to buy more and average down and then sell at breakeven (hopefully). Basically if you BUY calls, you should have some money to burn. They say that a high percentage of calls expire worthless. That is why I tend to sell calls as a type of dividend. Feel free to give more details on which calls you own and what you paid. Sincerely, Steve D.

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