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Technology Stocks : Vitesse Semiconductor

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To: OldAIMGuy who wrote (1891)10/15/1998 8:21:00 AM
From: David Lawrence  Read Replies (1) of 4710
 
I already have a substantial long position at around $21.50. I certainly was and remain comfortable adding to it at $22 if that's how it works out. At the same time, I sold 30 January $25 put contracts - got $5 for those, for an effective $20 cost if the get exercised. I feel real good about those. I see us closing at or above $25 by tomorrow.
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