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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?

To: bob zagorin who wrote (5511)	1/31/2001 8:54:48 PM
From: Srexley	Read Replies (1) \| Respond to of 5650

Thanks for the feedback. The calls do seem like more of a gamble. When I put the order in the stock was 2 9/16, so at that time I couldn't have gotten 2 3/8. My feeling is that the calls themselves could be a good trade with any runs up before July. It is a cheap sock, but for 9/16 I can play a position 4 times the size because I would spend the same either way. If it runs to the 4 range again in the next month or two I assume they could get over $1 pretty easily (correct me if this is wrong). Thats my reasoning anyway. What do you think of the puts? The '01 is good money, but I guess it is gambling on whether P6 will survive and move above $5. The downside is owning the stock at $5 early next year. The two things that give me confidence they will survive (or be bought) is the equipment issue that the thread has discussed and I have read their customers love them. If that is true, it is a good thing. Not exactly a top notch analysis, but there it is. Scott