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Technology Stocks : Adobe (adbe) opinions
ADBE 327.32+0.1%3:00 PM EST

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To: David W. Taylor who wrote (2022)12/13/1997 8:09:00 PM
From: Patrice Gigahurtz   of 3111
 
David, I'm actually long term focused. However, I like to write covered calls while I hold my stock. Thus, my interest in the five day duration Dec35 ADBE call is purely related to that specific aspect of my total investment style. I hope to not be called away this Friday. Why ? Because I want to again write a ADBE covered call when we approach the Jan call expiration; and so on throughout '98. Again, I'm hoping to keep the underlying ADBE stock; its the short term call writing that provides an additional source of income. Thus, my short term interest in ADBE is relevant only with regards to ADBE covered calls and not the underlying ADBE stock.

Over the last two years, hasn't ADBE exhibited some hefty swings. Now here we are, late '97, and I'm paying early '95 & '97 prices for ADBE ! Thus, over the last 22 months, theroretically, one could have made more profits short term trading ADBE than just buy and hold.
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