3Com Corporation (COMS) 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 : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: miklosh who wrote (23223)	10/26/1998 1:15:00 PM
From: Lost in New York	Read Replies (2) of 45548

. . . I am considering writing out of the money covered calls to lower my cost and my downside risk. Do you use options with coms? I do. I sold jan35 CCs @ 2 3/8 about a week ago. Only against a portion of my COMS position though. I'm using the options to enforce selling shares I bought back down around 24. I'll get over 13 pts a share (less commissions) or almost 40%. <G> I can never manage to pull the trigger at short term tops, I get too excited and greedy. Of course when I'm called (everyone knows COMS will be well over 35 in Jan <G>) I'll instruct my broker to sell higher priced shares (my average basis is around 36-38.) I'm thinking about selling a few Jan 40's today. We might get there by Jan 15 but I think I'll have an opportunity to buy them back even or at a gain between now and then. The good thing is that you can then worry about the stock going up too fast, which is not a bad worry to have. I can't stay on top of things to do "Wayne" style trading, although I've thought about trying it with stops etc. But I'm not there yet. So this is the next best thing for me. Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next