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Technology Stocks : Spectrum Holobyte, Inc. (SBYT) releases Q2'97 results
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To: james d. hargrave who wrote (665)9/2/1997 11:02:00 AM
From: John   of 833
 
James, if you look at the open interest on the April 5 calls you will see its at 20. All 20 of those calls were bought by me at 1 1/4 (last week). Normally with a stock trading so cheap I don't fool around with calls, but I picked up some for the heck of it. My idea was to sell them while the premium is still high in the next few months if SBYT moves up a few points.

Do you really think SBYT is going to hit twelve?? I'd be happy with $7 - $9.

John V.
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