Creative Labs (CREAF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Labs (CREAF)

CREAF 0.510

+24.0%

11:09 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RCVJr who wrote (9248)	1/30/1998 3:55:00 PM
From: Douglas Webb	Read Replies (2) of 13925

What did you see in the price of CREAF that made you decide to write calls today on CREAF? Just a gut feeling, mostly. My net cost is up at $24, and every time Creaf drops down to $17.50 I hit my margin limit, so I can't average down without adding cash to my account. (And I've lost too much in the past 9 months to stomach doing that, no matter how much I like Creaf.) So, I was determined not to miss out on the CC opportunity again. I would have written last Friday, but I expected a gain instead of a gap down on Monday. The resistance at $20 and $22.50 looks strong to me, and about 10am when I checked the prices we had popped up to $19.50 and dropped back to $19 already. I'd seen this pattern before; Creaf often drifts down after an open like that, and either continues down all day or recovers somewhat in the afternoon. Since we're close to the expected turnaround I gambled that we'd be drifting back down, and I wrote the calls. It's 4pm now, and it looks like I might have gotten an extra 1/16 at best today. Creaf hasn't moved much from $19 all day. Doug.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next