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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Marvin Mansky who wrote (33176)10/23/1999 11:57:00 PM
From: Dr. David Gleitman  Respond to of 41369
 
Re: Dr. David Gleitman! Did you close your covered call positions?

Good Evening/Morning Marvin:

Unfortunately (with the benefit of hindsight), I did close it at 120, and rolled it into the Oct 130's, only to roll it back into Oct 120 about 2 days before options expiration. I have a pet theory about option's expiration using open interest which would have bore me out, if had remained steadfast in my original conviction. I still maintain my full position in AOL. I did manage to buy the Jan 100 IBM calls (IBMAT) on thursday morning when the sh*t hit the fan. These massive drops represents tremendous opportunity.

Best wishes,

David