PSFT - 1997 Outlook [closed thread] Message Board

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Technology Stocks : PSFT - 1997 Outlook [closed thread]

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Oct 29 5:00 PM EST

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To: Raptor who wrote (654)	12/16/1997 1:58:00 AM
From: Melissa McAuliffe	of 940

Raptor, I thought about it but I am concerned that we may see 27/28, hopefully not lower. If this was written before the split I would have said we may see 55 again which had become a good buying opportunity there for a while there. Two weeks ago I didn't think we would see 30(60)again for quite some time (if ever) but we almost hit 30 today. It seems as if the highs are getting lower every day recently which (this is from my limited TA knowledge)means the stock could be moving down further. So I decided to write covered calls again. Though every time I have done this in the past, the stock moves up the next day (sometimes an hour after I write the calls) which causes me to question my decision. But so far have been lucky enough not to be called as it seems to slip back down somewhere between my sale date and the expiration date of the calls. That's the only time I like the volatility of this stock<g>. Melissa

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