Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: oilbabe who wrote (2270)	7/12/1999 9:54:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 10027

I'll buy more [NITE] if it drops to $50. otherwise, I sit tight and quit watching the ticks every minute. Good idea. It's my approach now as well. The stock has a forward (or current) p.e. of 40. A year from now, even if growth is 1/2 as strong as the past year, the p.e. will drop substantially yet again. When that happens, the stock will be half-again higher than now, or about 80. That's why I'm holding for the long term. The issue I'm struggling with is whether to write calls against my position. I would like the premium, but I know that if I write calls I'll end up having the stock called away, capping my gain. The alternative I'm gravitating towards is holding x shares long, while writing naked puts for another x shares (to take in premium). Gary Korn