SI
SI
discoversearch

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.
Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Curtis Brown who wrote (170)2/16/1997 6:07:00 PM
From: Herman J. Matos   of 14162
 
Hey Curtis,

CFON:

You picked a whopper of a stock! You need a miracle! Last earnings report in Nov. indicated the company loss -$.75 cent per share, Prior earnings reports are equally as bad going back more than a year. Also, CFON does not trade options. So, you are out of luck again trying to earn monthly call premiums.

The stock has been doing nothing for three years and then Jan. 1997 rolls around and the stock goes from 10,000 to 16,000 shares daily to a massive 5,000,000 plus for four days or so and then BINGO the reversal comes, the smart money dumped and alot of people are holding a $18.00 price tag. If that's not market manipulation I don't know what is! One big pyramid.

Cut your losses and move on! The average trading price for this stock had been $4.00/share. The P/E is -16.15 and EPS -.68. You better get $10 or $11 while you can. The odds are really against the stock doing squat anytime soon. I even read a news item about CFON trying to put together a sales force? How do they expect to sell their products?

By the way, Curtis! Would you like to buy some of my nice calls? I'll give you a better odds! No seriously, you lucked out on the first hit now take you loss like a man before you lose it all back!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News