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Technology Stocks : General Magic

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To: TechTrader42 who wrote (2470)6/26/1998 12:05:00 AM
From: Ray Rueb  Read Replies (2) of 10081
 
RE: my intentions on Monday vs what I actually did

I'm not sure what you're asking,
so I'll answer with a recap of how and when I acquired my current position:

On Monday, I sold all shares except 10,000 in my Q&R account.
Also on Monday I went short 10,000 shares at 14 5/8 at Ameritrade.

On Wednesday, I closed out my 10,000 share short position at 14 1/4 for a 3/8 gain.
Also on Wednesday I purchased 12,950 shares at 14 1/4 to 14 5/16.
Also on Wednesday I purchased 100 Jul 15 contracts for 1 1/4.

Today I purchased 11,000 shares at Q&R for 14 5/16.
I also purchased 3,500 shares at Ameritrade for 14 9/16.
I thought the stock had bottomed at 14 1/4 and I was a little surprised at the drop in the last hour.

I currently hold 37,450 shares and 100 contracts representing 10,000 shares more.

I have also convinced my mother, father, friends and co-workers to purchase shares and options totalling approx 20,000 shares and 200 contracts.

So yes, I am long.
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