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Technology Stocks : Netopia: Farallon Communications
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To: JEAST who wrote (486)5/26/1999 10:46:00 AM
From: M. Frank Greiffenstein  Read Replies (2) of 522
 
What a correction!

I suppose this was inevitable. Internut stocks going through one of their big corrections. Things did look pretty "toppy" last week, and the FOMC meeting didn't help. I wrote June 25 calls on half of my position ($10) and Jun30 calls on the other half ($4 3/8) last Thursday. Although this only covers part of my paper losses on the NTPA common, the June expiration means the premium will deteriorate pretty quickly form this point on.

Do you think I should cover now?

DocStone
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