S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

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May 12 5:00 PM EST

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To: David K. who wrote (7617)	11/8/1997 6:07:00 PM
From: Tom Terf	of 14577

Here is a tip guys.. Don't bother wasting money on the expensive time premium for S3 puts or calls. Also, the bid/ask spread is much higher than the common. S3 has about 1/8 max spread, usually 1/16, but the options have a spread of 1/4 or more. Buy or sell short S3 outright at these low single digit levels. If you do the math you'll see what I mean. If you can afford more risk, then trade on margin at low interest rates - 7 %. You want to go with quick pops anyway. 3 /8 is a good gain on a 7 3/8 base stock price. If you can scalpe it in a day or two that's not bad. A few trades like this can help you recover some of the losses, although you'll have to double on the number of shares you employ going forward. So if you held 2,000 S3 shares as they were being wacked, as an example, you'll have to play with 5,000 (or possibly as many as 10,000) in this case of catch-up. If you have any other questions on how to trade the stock for quick pops, I suggest you call Gary Johnson and ask him for some sage advice. I hear he's done it fairly successfully the past year or so... Good luck in your trading...

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