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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: dav who wrote (5682)	10/20/1999 9:03:00 PM
From: Jim Koch	Respond to of 8218

Dav, it depends on when you bot. If you bot at 138, its going to take a while to get your money back. If you bot at 120 or lower, I think you will break even before the end of January. I am long on IBM, covering with Puts. Options are risky, but if you are long on the stock, consider selling put LEAPs. Risky, but it can make you some money. Again, as I have said, IBM will finish higher at the end of the year 2000. But, it could be rocky between now and then. JMHO.

To: dav who wrote (5682)	10/20/1999 9:24:00 PM
From: RetiredBen	Respond to of 8218

I know some big clients of IBM are not going to do any upgrade, new development, service,... until the end of the Q1. e.g. no revenues for IBM. So, I don't expect a Jan rally for IBM, and the best hope is there is no Y2K problem, and people starts bottom fishing... Selling put might not be a bad idea. If it gets exercised, just think you bot more to cost average. If doesn't, you pocket the premium. Good luck. Ben