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Technology Stocks : Macromedia...making a comeback?

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To: Option Player who wrote (1609)7/31/1997 7:48:00 AM
From: van wang   of 2675
 
with value stocks getting hard to come by...money is just searching for a place to beat the index...of course, with the overvalued stocks of many strong tech cos., acquisition will continue to be a possibility (only way they can meet expectations)...covered calls, IMO, is just the wrong play

i have 4 stocks that have nearly doubled...3 within the last 4 mos.

Good luck to the covered call writers...and extra luck for the naked call writers

better have extra money to buy back those calls when you decide to just be long for the ride

cheers
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