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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: OldAIMGuy who wrote (4363)9/15/1998 8:02:00 AM
From: Linda Kaplan  Read Replies (2) of 6565
 
Tom, I think you're wise to buy more shares at this price. I'd be doing the same if I hadn't tied my hands through the options I wrote. Because I sold puts with a strike at 15, I got assigned part of that last week. I bought 800 shares at 15, which was TWICE the price of the stock at that point. AIM would love me to buy shares at the current price of the stock but I will be assigned 1200 more shares at 15 before these options expire (October) unless the stock miraculously doubles before then.

If not for those puts I sold, I'd be buying here, too. I think VLSI has bottomed and that it's a screaming buy at this price. Do you have any suggestions for how I can make my situation better? Do you think I should buy shares here, to offset the buys at 15? It seems clear I'll have to be buying the other 1200 shares at 15 and my investment in VLSI is already huge, (for me).

Any advice appreciated. I do have a little cash this morning, but I had other things in mind for it. :-)

Linda
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