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Technology Stocks : USRX

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To: Janice Shell who wrote (8104)1/14/1997 2:54:00 PM
From: Dwight E. Karlsen   of 18024
 
Janice,

My ZITL puts are not doing as great as they would be if I had bought them within the last few days. I bought them when they were fairly expensive, and there has been quite a bit of premium erosion on them already. I have been thinking I should pick up some more puts now that they are cheaper, but didn't want to tie up too much capital in ZITL. So I'll stick with the original plan.

Dwight.

PS, I think one reason ZITL may be down is because people are figuring out that when they release earnings (SI says the 15th of Jan, someone said ZITL says Jan. 20th) the figure may be negative. Why would anyone really care though. They aren't investing on the basis of ZITL's mainframe disk caching systems.
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