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: mnreddy who wrote (2606)	7/20/1999 5:05:00 PM
From: RDHickman	Respond to of 10027

You asked for an opinion. For what it is worth- - - The OLBs are retailers. NITE is a wholesaler - AND Trades for itself. I have a hard time with the circumstance that they are lumped together as a category. I look at NITE as a different species entirely. (The wave of the future, global, etc., etc.) Got in for earnings run-up. Staying in Long and Long Jan 00 55s. Was going to Write Calls, didn't. Expect it to pop big-time, then Write Calls against Jan.00 Calls. (Aren't any LEAPS, but I am using the LEAPS mindset.) All the turmoil and worry this week was just staging area jitters, in my opinion. Good comments and observations were shared on most of the NITE boards. This year I cut my teeth on S LEAPS, WMT LEAPS, NOVL LEAPS and RNWK shares. My LEAPS positions are very short-term. All positive results, although WMT almost got me. (After 4 commissions it was negative. 1/2 commission down. Up 37% since Jan 99.) Two years ago I lost 83% of my small nest-egg on one Covered Call that tanked off the charts in a day! Went back to the books while building table-stakes again. (Note: Two years study and experience LEAPS and Calls, I'm just a newbie, with a very small stake.) Best in all you do! /Dick