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Technology Stocks : NCDI - Network Computing Devices
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To: Mark Orsi who wrote (4185)6/9/1999 11:31:00 PM
From: Jim Henke  Read Replies (1) of 4453
 
Mark, there's another strategy I've been thinking about. It's a stop/buy order. Basically, you tell your broker that if the calls reach, say, $3/8 then buy. Since the June calls are at $3/16, then presumably a move to $3/8 is prompted by a rising stock price. Therefore, if a rally is underway, you pick up options and ride it as best you can. Otherwise, you cancel it, or the expiration date passes, and you don't pay any commissions.
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