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Technology Stocks : Edify (EDFY) IPO -- Any Comments? -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (335)	7/22/1999 10:19:00 AM
From: tuck	Respond to of 355

Joel, Well, I was hoping to sell my puts. I bought the wrong ones (OTM August 12.5s that lost all their time premium even as they gained intrinsic value. Should have bought the 15s. C'est larvae.) and am trying to get out with a few bucks. Despite the great quarter, Edify/Sone are down a little, so maybe I'll manage that today. The "greeks" (specifically delta and gamma) lied to me about those puts. The August 12.5 calls I sold are looking very good. I'll let them ride and see if they expire worthless. Edify/Sone are probably due for an upturn soon, market permitting. Anyhow, thanks for the compliment; I seem to be getting a little better at TA. Cheers, Tuck