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Technology Stocks : Newbridge Networks

NN 13.98

+0.9%

Nov 26 3:59 PM EST

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To: Brian Hutcheson who wrote (3590)	3/11/1998 12:46:00 PM
From: Edward W. Richmond	Read Replies (2) of 18016

I thought I was smart selling 37.50 March Calls at $1.00 thinking that the stock couldn't reach the strike price by March 20th. I then planned to sell the Calls again to provide a little cash. Now I'm not so sure. I'm learning the options game slowly. Although it is not my preference, if I'm called out I will have a nice profit having bought on the price crash. Lesson learned - Don't underestimate the resilience of battered tech stocks in a bull market. Any other insights or strategies you may have would be appreciated. Regards, Ed (The Overly Cautious Options Trader)

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