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Technology Stocks : Gemstar Intl (GMST)

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To: freeus who wrote (1392)1/7/2000 4:48:00 PM
From: Uncle Frank  Read Replies (2) of 6516
 
>> : do you consider gem* to be a good one for options...LEAPS (if they have them I havent checked yet) or not stable enough yet?

The Gem is my second largest holding (behind The Q), so I obviously think it is "stable enough", freeus. There are no LEAPS on this stock, so my risky/high return play of the year (so far) was to buy a handful of August 65 calls. These gsthm's were ITM when I bought them last week, but are ATM now, so I'm upside down (a position I'm used to in the context of risky plays <g>).

Please note that I did not use margin to purchase them. I fought my Evil Twin to a standstill on that point!

uf
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