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Technology Stocks : American Power Conversion
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To: Paul M. Rengier who wrote (2129)4/7/1999 6:26:00 PM
From: gizelle otero  Read Replies (1) of 2574
 
Your point is well taken. I would have partially hedged by selling some calls against my long position, but my IRA prohibits it, so I just have to rely on my belief that this company will reward value investors. At any rate, judging by today's action, we can easily see that the common needn't be at the strike to generate a significant uptick in the calls. As noted earlier, I anticipate being out of this position well before expiration with a solid "Roth non-taxable" profit.
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