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


To: Susan Mueller who wrote (47240)11/1/1999 7:49:00 PM
From: Jacques Chitte  Read Replies (2) | Respond to of 50808
 
>I don't think the
quake had anything to do with it.<
I get the same feeling. Where are the buyers? Finding sellers is too easy.
Heck, where are the shorts? They're ... holding pat. That has GOT to say something.

Something stynx.



To: Susan Mueller who wrote (47240)11/1/1999 11:55:00 PM
From: scott bolio  Respond to of 50808
 
++ a little off topic; call options++ Susan, purchasing call options on Cube is a very tricky situation right now. The only way you can buy enough time on the calls is to go all the way out into May 2000. The deal should close by then. Also, they are pretty expensive $675 for May $45's and $525 for May $50's. Along with this you have to sweat out HLIT and hope that stock does not tank. Some wild cards are if HLIT stock ramps and CUBE sells the semi division at a nice premium. Either of these two events would make the calls jump again. Feb 50's at $300 a contract might be the way to go. You buy some time and if you get a nice move on no news, get out of them at a profit and roll into some May contracts.



To: Susan Mueller who wrote (47240)11/2/1999 1:04:00 PM
From: Peter V  Read Replies (1) | Respond to of 50808
 
Well, as I said in my original post, I use gambling money only, not a lot, as options are quite tricky and most often people lose money. Example -- me. THe calls I bought are now worth about half what I paid. I'm concerned that there was no immediate upward movement in either stock. CUBE is going nowhere on little volume, and HLIT stuck in the mid-50's.

So I took a gamble, and so far I've lost. We have 2.5 weeks to go, but I'm not too hopeful.