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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS
VIA 34.83+1.6%Nov 28 9:30 AM EST

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To: Larry S. who wrote (2898)11/14/1998 1:11:00 PM
From: Patrice Gigahurtz  Read Replies (1) of 4613
 
Larry: When you noted that you already have bunch of CBS and that you were perhaps interested in adding if it went into the mid-20s I have to wonder why you would hold your current position given your suggestion of mid-20s ?

I sold maybe 80% of my CBS and am lurking in the background for a re-entry point. It never came to mind to take that $26 3/4 that went by I think Thursday ? Instead I am looking for low 20s or high teens.

In the meantime I'll be happy writing covered calls on my remaining CBS. If I don't get called this Friday (Nov30) I might go in-the-money for a Dec $27 1/5.

By-the-way: Regarding INF, this weekends' Barrons has a nice review of that IPO and I wonder what your thoughts are regarding this specific article. In a way it has dampened my interest in INF. Any thoughts ?

Thanks
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