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.

Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Joseph A. Aboaf who wrote (13875)	1/30/2000 2:36:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 14631

No new strategy. I let my calls time premium erode and then I will either roll them out to a further timeframe or buy them back or let the stock get called away. It depends. Actually, I would like to buy the calls back cheap and keep the stock (for tax reasons). I had an op to do just that when the stock tanked recently but, I wasn't paying attention. Honestly, I see the stock retreating and building a base at $9 based on the lukewarm reception to great numbers and current support (old broken resistance). One of the reasons I played this so cautiously was because I saw a lot of downside potential for the market going into the Feb FOMC meeting. And, as we approach that timeframe, the markets are, indeed, experiencing a bit of turmoil. PS I Don't want anyone to think that I'm passing myself off as a guru. I was just commenting that I think this stock has upside potential. I really know very little about the company, other than knowing they have a database product (which seems to be gaining more acceptance in the marketplace) AND they are growing revenue and earnings. I don't need more facts than that, with the TA I rely on, to make my decisions.