Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.80

+0.2%

Nov 21 9:30 AM EST

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To: Ira Player who wrote (7090)	8/31/1999 9:27:00 PM
From: David Wiggins	Read Replies (1) of 29987

Ira, 50 22.5 and 50 25's. Premiums are a bit stiff, but I took the panic selloff as an opportunity to quickly erase that premium if we get a quick bounce after the conference call. I already have 100 Sept 25's and if this gets back to 30 before Sept expiration, the Sept calls will pay for the ones I bought today thus getting me three free months. My fingers are crossed. I hope Bernie knocks 'em dead. If you check my posts I have long advocated selling puts for exactly the reasons you describe. As a matter of fact, I'm short quite a few now. I buy calls to increase reward possibly. I'll make over 100% if GSTRF is 35 in DEC, and i have the option of exercising and keeping the shares no matter how high it goes Regards, Dave

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