Ciena (CIEN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN)

CIEN 214.35

+0.7%

Dec 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam Citron who wrote (524)	7/16/1997 6:40:00 PM
From: Stewart V. Nelson	of 12623

Sam The whole technology segment is going crazy. I am reminded of watching Japanese tourists at the Gucci store in Hawaii throwing money at the clerk! I am a student of PSR's also and would not "buy" UNPH or TLAB but since they are already in my portfolio I am writing covered calls for networking stocks that have made big runs lately. I think that makes more sense than selling these companies short. For example, the UNPH Sep 65 calls are getting $7.5 per share! Not a bad return for two months. If they call the stock, I go out at an average price of $72.50. If the stock drops I am cushioned for over 10% drop. I would wait till the correction actually starts before shorting tech stocks. The trend is still up!! (Except for DDIM Craig!) Regards Stewart V. Nelson

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next