Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

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To: Robert Douglas who wrote (576)	3/2/1999 11:00:00 PM
From: Sam	Read Replies (2) of 1989

Robert, LK, Stitch, It (options buying) is indeed a great way to lose, especially when you consider that something like 80% (I think that that is the number) of options expire worthless. But consider this case that was just reported: << To: +jas cooper (4025 ) From: +Robert Einstein Tuesday, Mar 2 1999 7:14AM ET Reply # of 4077 Hello all, I am going to sell the remaining 200 mar 25 calls to day. I sold 200 yesterday. Please read previous posts, I had purchased 400 calls for $1 1/8. My apprx 43,000 $ invstment has become apprx $320,000 in one week. No Hype, but with the proceeds I am going to buy ZD and CMNT Robert >> That is the allure. When you hit a homer, it can count for more than a 4 bagger. Of course, he may well lose it all if he gets cocky and continues.

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