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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST

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To: George Sepetjian who wrote (2667)8/24/1999 12:11:00 PM
From: charliex   of 3818
 
George,

First of all, I am extremely BIASED in regards to PMCS. I would only write calls only if I think the stock has plateaud.

Since, I am biased,...I do not think so. Therefore I would not write the calls. I mean you could write Sept 100 calls and recieve the extra 5 bucks, but if you plan to keep this stock for the longer term, there is no justification.

cheers
charliex

p.s. keep your eyes open for some good news=;) I think 110 is possible in the near term (i.e. 3 weeks)
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