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.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (12339)	2/11/2000 4:37:00 PM
From: Jonathan Thomas	Respond to of 14162

Dan, I think I'll steer clear of ABTE, even at these levels. Too much uncertainty, especially in this good market. ROST looks like it will sit around the 13-16 mark for a while, but I'd be surprised if it didn't meander back up in the high teens. At this point, I don't care. I sold the calls...will buy back the FEB puts next friday at their cheapest (if the stock is below 15). I will hopefully get called out of my March 15 calls, and the March 15 puts will expire. I like the stock, but its a pain the ass. OI is so low it is hard to get prices, and even harder to get an execution. Either way, I'll only end up keeping 1000 shares and using it as a "diversification" CC stock. I've been reading the boards about KM, and it some people think its a seasonal stock, and it always does this at this time of year. I wish I saw that getting into it. I don't want to take the loss, considering the P/E is so low, and it really should be moving up. This could end up making us some money, but I'm not a big fan of 2000 shares taking up "space" in my account. My long winded response, I think it will start moving up in the spring. As soon as it gets high enough for $10 strikes to be worth anything real, I'll sell calls...try to get something back. I am really looking at the APRIL MSFT 100 puts @ 7 3/4 X 8 but even more so are the ALLR MARCH 120 or 125 puts @ 11 X 11 3/4 and 13 1/4 X 14 respectively. RSI, BB, STOCHASTICS all point to a buy. They are splitting next month, been beating earnings every quarter since they have been in existence, finally an internet company making a profit. Top it all off with the fact that I used to work for them, and my business is consulting for their product...and it spells....get in. Seriously though, this is a good company and a good stock, even though it is overvalued. Their products are growing. I might try to make a quick buck. And to think, I turned this stock down at $40 when I thought it was too high....:) Ryan