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Technology Stocks : GTIS - Will it be a Phoenix or not ?
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To: John who wrote (1672)3/5/1998 5:39:00 PM
From: Chris McConnel   of 2319
 
Bought a few shares today at 6 7/8 just before the close, but have a bunch of puts purchased a few weeks before earnings were announced. For every dollar lost on the stock, make three on the puts, so trying to trade on any volitality before the puts expire. GTIS was actually the first stock I've traded options on, and have made decent money selling 7 1/2 calls and watching them expire worthless.
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