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Technology Stocks : ACCLAIM Entertainment
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To: Dennis Kern who wrote (2153)6/26/1998 12:44:00 PM
From: LEE SWIFT   of 4149
 
Hi Dennis,
This happens in stocks all the time. They drop it way down and accumulate, then they SNEAK it back up and unload it. My covered 7 1/2 june calls expired worthless. It will probably take a couple of months and decent news for the stock to get back up there to where I can sell the covered 7 1/2 calls again.
I bot 1000 shares on 01-15-98 at 4 1/8. Have sold covered calls three times against the stock all of which expired worthless for a net profit of 1822.42. That a 44% gain on the options alone. I think with patience that it can get to 10.
Lee Swift
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