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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (32756)	3/8/2001 12:48:51 PM
From: djia101362	Read Replies (3) \| Respond to of 65232

What if AVNX is at $15 on April expiration date? What is your % return at that point? There is no guaranty that AVNX will be anywhere near your purchase price on that date. I'm certainly not wishing bad things upon AVNX since it is one of the 23 stocks held by a mutual fund that I have my money in. But I think by now most of us have learned that this is not a market to be counting chickens before they hatch.

To: Mannie who wrote (32756)	3/8/2001 1:57:36 PM
From: im a survivor	Read Replies (1) \| Respond to of 65232

<<I was looking AVNX, it's basing nicely. I just bought at 21.5 and wrote April 22.5's (guh-dx) for 3.625, or 16.8%...21.5% if called.>> Nice!! Heck, your almost better off hoping it bases and you dont get called....keep writing every month for the fat premium and before you know it, your cost basis will be like $3 and you can tuck it away and forget about..... I was thinking of buying back some leaps I wrote in january, simply because they are all cheaper and it would uncover everything, while I made a 50% profit on the cc's i wrote and bought back....BUT, I think I will wait and chill....no hurry I dont think....all the leaps are 02's and all are strikes that are over 100% higher then current price....so just because they are cheaper then what I sold them for, I dont see why I should jump the gun and buy them back now....maybe if they drop some more and get real cheap, but hell...rmbs jan 100's....jdsu 60's......just not in any hurry to buy the calls back....I hope come january I have to worry about rmbs being over 100 and etc.....