Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 17.89

-1.0%

1:36 PM EST

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To: Joseph Francis Torti who wrote (3246)	7/30/1998 4:03:00 AM
From: Pawel Achtel	Read Replies (3) of 5944

Good luck with DELL. It is my first candidate for a short at these levels - YHOO is the second ;-). If you want to sell volatility, I think ADPT is the #1 from risk/return viewpoint. What more do you want than selling Jan $10 puts at $1 5/8? The stock has to go further 25% down by Jan for you to loose money. At that that level ($8) the company would be given away for free as it happens that the book value is $8. Possible? Maybe, but I would take all my gold credit cards out, margined that and go long on calls and short the puts - and I would not have a glimpse of thought I would not make a profit. Not many companies trade below their book values, in fact I do not know of any listed on NASDAQ, do you? Good luck with DELL at $200+ (bigger than IBM, 3 x bigger than CPQ and almost as big as MSFT) - It would not surprise me to see DELL at $200 after seeing YHOO at Mkt Cap of $10b, but I would not call it "certain". Pawel

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