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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP
SPLS 10.250.0%Sep 28 5:00 PM EST
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To: jim clabaugh who wrote (115)7/1/1997 8:09:00 PM
From: Nasty P   of 297
 
Jim,

I closed out my position in ODP CC for a very small profit (5/16 / share to be exact). I think ODP is a fine company however the premiums won't be there. The anticipation of earnings alone won't spike the volatility up. There was a reason for those mammoth premiums, and we just learned the hard way that if it sounds to good to be true, it probably is.

Another thing you may wanna kepp in mind is that the stock is lower and consequently the premiums will be extremely small. Also, they lost a bunch of key execs and are in the process of major expansion. I am not impressed with the amount of cash they have available right now either.

So, if you wanna get your basis down to -0-, pick another stock.

JMHO
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