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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (5560)12/5/1997 9:28:00 AM
From: Rob C.  Read Replies (2) of 26039
 
Brad,

Keep an eye on the Dec 12.5's today. Right now there is no premium in them at all, but when there is, I am selling. I guess this is what makes a market. History tells us that after a 35 to 40% rise, we don't base higher, we trend lower and fast. I am waiting this run out, so I am enjoying this rise. I will never actually sell my stock, but the covered calls seem to be the move.

A run to 15 isn't out of the question, at that time I would sell the Jan 15's.

Regards,

Rob
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