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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fiondella who wrote (29734)	1/3/2000 1:46:00 PM
From: PJ Strifas	Read Replies (1) \| Respond to of 42771

Hello Paul, In that scenario, what could you do to insure that you could participate in an upswing in the stock? I mean, what if next week the stock hits $45 - you lose your stock and the rise up as well? [is this scenario selling a covered call?] Is it possible to have it both ways? Protect your current gains while maximizing the future price increases... Peter J Strifas (technically savvy with NetWare but not the market)

To: Paul Fiondella who wrote (29734)	1/3/2000 2:12:00 PM
From: Scott C. Lemon	Read Replies (2) \| Respond to of 42771

Hello Paul, > Scott have you ever thought of just selling calls? I did that with the last bunch that I wanted to get rid of ... I wanted to get some cash ... This time, I just wanted to dump some shares to take some money off the table, and get some return to buy my next list of stocks. So instead of picking my sell price, I've simply been moving my stop-loss price up, shadowing the stock price by a point or two. I didn't want to sell before year end, so I pegged it Thursday at 33 1/2 just in case it retraced. As of this morning, I watched my 33 1/2 and when the market turned up, I moved it up point by point. My goal for this "batch" of shares was $30 ... I'm well past that! ;-) I'm currently going to sell in the low $37's ... unless we already hit that ... then I sold ... ;-) (I'm trying to learn more about the calls ... the biggest thing that I found is the time to hold ... a Jan 35 wouldn't be bad though ... I might look at that. Where do you get the quotes for calls? Current prices?) Scott C. Lemon