BORL: Time to BUY! Message Board

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Technology Stocks : BORL: Time to BUY!

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To: TChai who wrote (10164)	4/27/1998 1:46:00 AM
From: David R	Read Replies (2) of 10836

BORL has been my first adventure down "Options Alley". I must say that certainly my expectations have not been met. I bought Jan 98 & 99 10's when they were cheap, and I had nearly 1 & 2 years of premium on each respectively. Since then, the Jan 98's expired worthless. I also had some Nov 12.5's and Apr 10's expire worthless. However, in Jan, when Borl dropped below 7.5, I picked up some Feb 7.5's cheap. I knew that they would do well. As they did, and I recovered all of my options-related losses to date. I still have the Jan 99 10's & 20's. Looking back, I think the real lost opportunity with the leaps would have been selling short-term calls against them. There is one other important point. With all of the uncertainty over the last year, the calls provided a cheap way to have a stake in possible BORL run. I feel alot better about having lost $1000 than I would have having 10-15K tied up in a non-performing stock for more than a year. Also, I do have a core position of shares bought near 6. I am very comfortable holding on to these for the long haul. Also, I can not imagine the 99 10's expiring worthless. I believe the MM's will endup eating these.

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