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Technology Stocks : General Magic

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To: Ray Rueb who wrote (2369)	6/24/1998 1:43:00 PM
From: Ray Rueb	Read Replies (3) of 10081

Closing out short position and getting options quotes I closed out my short position at 14 1/4 for a 3/8 profit. I'm still betting GMGC will go lower by remaining in cash. I'm going to watch this afternoon closely. When it goes below 14, I'll start buying. If this stock performs like this tomorrow, the July 15 calls will be $1.00! My bookmark for getting options quotes for GMGC is: cboe.pcquote.com I'm going to hold onto $50,000 in cash to purchase the calls. I'm hoping for 300 contracts, but 500 would be better. ******************** UPDATE: Ameritrade will only let me purchase 100 contracts... I'll have to check with my other brokers and maybe use my mother's and father's accounts (which I wasn't planning to do). ******************** Good luck to all

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