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: corey haber who wrote (5117)	10/15/1999 4:24:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 10027

what do u look as a good reentry point. currently long 5k at 36 thinking about avg down. Corey, I've been wrong all along about the movement of this stock, so I would only do you a disservice were I to suggest a good reentry point. Gary Korn

To: corey haber who wrote (5117)	10/15/1999 8:05:00 PM
From: Zainul Hamza	Read Replies (1) \| Respond to of 10027

Here is a way for you repair your NITE position by using OPTIONS. You do not need to put up any more money. You are down 14 dollars per share (36 - 22) and you are holding 5K shares. Sell 100 contracts of April 30 calls (premium is $3) and you will receive a credit of $30,000.00 Buy 50 contracts of April 22 1/2 calls (premium is $5.25) and you will pay $26,250.00. So you will have a net credit of $3750.00 (30,000 - 26250). Now if the stock moves to 30 or above you will recover your money as follows: Your 50 April 22 1/2 calls will be in the money by 7.50. and your 100 April 30 calls will result in the sale of 5K from the 221/2 call options and the 5K you already own at 30. You will break even and you do not have to risk any more money. Plus you get a small profit of 3750 from doing this option spread. This is only if you think that NITE will not go much higher than 30 and you would like to bail at that price. You will not make any money if NITE goes over 30.