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

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To: George Sepetjian who wrote (153)12/1/2000 10:26:55 PM
From: techanalyst1  Read Replies (1) of 469
 
I'll explain it to you George:

Some of us have a very nice low entry price... one that will never be seen again.

Some of us HAVE indeed watched the valuation and have sold enough covered calls to actually have made enough short term gains on it to pay for the shares many, many times over, AFTER paying the taxes.

Many of us know what the LONG TERM value of these shares are. I'm not talking about where the stock will be today, tomorrow, next week, next month or in 6 months. I'm talking about several years out.

Explain to me why you rode it 140 points down from the high in April back up to near it's high and didn't sell out then either? Waiting for long term gains? You would have done much better selling calls, buying puts and keeping your shares for a few more years.

TA
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