Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 12.73

+13.1%

Nov 7 9:30 AM EST

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To: Mary Beth Ford who wrote (2947)	6/3/1997 12:15:00 AM
From: Joseph A. Aboaf	of 3256

Mary Beth, Don't worry people have been burning more than three times. It is a tough game! Your July calls to day , if I am correct, are very difficult to sell and if you can they will be going for 1/16! Most of your investment is lost, so you better hope that the stock runs in price close or higher than 10 by July. In my case for example , I sold June 7 1/2 calls on stocks I have and bought calls July 7 1/2: if my stock get assigned in June because the stock is at 7 1/2 then my calls of July would be higher. If the stock doesnot get to 7 1/2 by June then I made a little money and I have my July calls and hope.... Hope that helps... Joe

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