VIAB (Viacom Class B shares) formerly CBS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VIAB (Viacom Class B shares) formerly CBS

VIA 22.90

-3.2%

Jan 16 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patrice Gigahurtz who wrote (2365)	8/24/1998 10:52:00 AM
From: Guy E. Fleming	Read Replies (1) of 4613

Patrice: The LEAPS I've been buying are the LWXAF's (Jan '00 30 calls) which are around 5 1/2--3/4's as we speak with the stock up 3/8's. I don't know what the ZWXAF's are. I didn't see how Stern did but he has that cult following. Kitman panned him for bad taste -- big surprise -- in today's Newsday. That's what Stern DOES! I avoid shorter-term calls, in general, because you have to be right about the stock, the entry price, AND timing. With LEAPS, at least, you have more time flexibility for things to work out (of course, you are paying for it). Too often, in the past, I had the right stock and price but my timing was a little off and options would expire a couple of months before moves. With LEAPS, I give myself some breathing room and they work better for me. October may turn out to be a good month for CBS (I expect it to be) but I try not to cut options too close in case of negative surprises or market turmoil. IMO, it's tough enough picking the right stock without the added pressure of timing! One thing I'm guided by with CBS: over time, Karmazin will act in the best interests of shareholders! Just unloaded SAI LEAPS and put a little more into CBS -- the rest into the bank for now! Good luck!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next