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.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: lindelgs who wrote (30575)	8/25/2000 5:48:17 PM
From: Dealer	Read Replies (3) \| Respond to of 35685

Tomorrow's WSJ Headline News "DR DAVE WIN'S PORCH CONTEST BY A NARROW "MARGIN" dealie

To: lindelgs who wrote (30575)	8/25/2000 11:11:33 PM
From: Dr. David Gleitman	Read Replies (2) \| Respond to of 35685

Thank you, thank you, thank you. On behalf of the academy of arts and sciences...oopps, wrong speech. I must admit that after looking at the first prize, it is my belief that the same results (read- propulsion system)can be accmplished by a hearty bowl of chili, and be more cost effective! Now to see if I did the right thing today by buying back my calls on CREE (Sept 140's at 9). I've got to beleive that with the end of the summer and the beginning of Labor Day AND the start of the fall rally (we hope/pray/beg/long for) it should shoot up higher. It is my belief (WWIW) that this was a day to buy back some call's taking advantage of the slow dog days of this friday in August (WWDIK). I did learn something interesting this past options expiration. Last month I bought the LSI 2001 35 leaps for about 6 3/8 when the stock was about 32. I sold the August 35 covered calls for $1.00. The stock went up to $40 by options expiration. I experienced a lapse in judgement that day and let the stock go without rolling over as I did with BRCM and CREE. I thought that after the weekend, I lost/exercised my leap which I thought was used to buy LSI stock which was valued at 40 over the weekend at 35. I later learned that when looking at my account I still had the leap bu that I was -1000 shares of LSI which was trading at 38 3/4, down from the 40. I called Schwab and asked what happened. He indicated that my account reflected a negative balance from the shorting of the stock which was reflected in my balance, but that the leap was intact and could be sold or used to sell cc's provided that I clear up and buy back the 1000 shares of LSI at what ever the price was at the market. this requires some furter investigation. Does anyone want to comment on this? David