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Non-Tech : Amati investors
AMTX 1.6200.0%1:39 PM EST
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To: pat mudge who wrote (29025)11/20/1997 12:12:00 AM
From: John K. Pollard Jr.  Read Replies (1) of 31386
 
Well, today I learned yet another way to loose money on options. My Apr 20 calls closed Tuesday at 1.50 with the stock at about 15. Today with the stock up 4.50, the calls were offered at 1/4! I bought another bunch on the assumption that if the deal falls apart or a higher bidder appears, the option will appreciate either way. Perhaps a great deal.
Meanwhile the stock is worth $20/share, no more, no less, until some deeper pockets appear. Watch for the stock to trade over 20. If that happens, you can indeed look forward to more excitement.
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