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Technology Stocks : Advanced Fibre (AFCI) ** IPO
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To: Robert Griffin Gregory who wrote (3062)7/18/2000 6:42:57 PM
From: David Evans   of 3299
 
I kind of guessed/hoped this would happen. I figured unless the earnings blew away expectations, we would get a sell on the news, so I sold Jul 60 calls last friday for 2.25. I think with all the covered calls I've sold this year on afci, I've reduced my cost to below 0, (orig. avg cost was about 10). Maybe it can rally up over the next few weeks and I can sell some more. I figure if the market is going to trade it in this 40-60 band with good volatility, I may as well take advantage of it.

Dave
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