PSFT - 1997 Outlook [closed thread] Message Board

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Technology Stocks : PSFT - 1997 Outlook [closed thread]

PSFT 0.0001000

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Oct 29 5:00 PM EST

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To: Raptor who wrote (552)	12/1/1997 9:45:00 PM
From: Melissa McAuliffe	Read Replies (1) of 940

Raptor, <BTW, I thought you were buying calls in lieu of buying stock and intended to convert in future???> I was buying calls instead of stock for "trading" purposes vs. long term. I can't really buy anymore stock because I have all I want in the market at this point and with the price of PSFT lately it's just too expensive to buy enough shares to "trade". I am only buying calls on two stocks, one of which is PSFT and I have found that there is an ability to simply trade these options based on the volatility. I have also been doing the same things with the covered calls but I chose to stay out of these right now on PSFT due to the upcoming split which has turned out to the right decision. But I have found that (even though more costly) the longer term in the money calls seem to work out better and I haven't lost any money yet. But had I gone for the less expensive shorter term am sure I would be negative at this point. Unfortunately it's a volatile market lately and this is a volatile stock so I would rather pay more to buy the additional time. Melissa

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