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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO) -- Ignore unavailable to you. Want to Upgrade?

To: David Patrick O'Connor who wrote (3899)	6/8/2001 5:21:10 PM
From: (Bob) Zumbrunnen	Read Replies (1) \| Respond to of 4081

Bought back about 60% at 3.67 and sold them at 3.83. I remember an old saying about just taking the 80% out of the middle and letting everyone else have the other 20% at the ends, but I think I tend to take the middle 60% and let others have the other 40%. I was in and out of THDO pretty quickly today and spent most of the time watching INTC, ending the day with a batch of Jun30 puts. I'm not usually quite that gutsy (only a week to expiration, and INTC doesn't typically move much in expiration weeks), but these felt right. I don't often play options at all this close to expiration and don't often do them on slow-movers like INTC either, but I listened to my gut this time. Hope it didn't lie to me. <g> My best trade ever was $450 worth of INTC calls a few years ago bought 3 weeks before expiration and sold for $8800 the day before expiration. Hey! Just noticed the THDO Jul5 calls are up a bit. Last trade 30 cents and bid/ask is 0.25 x 0.35. That's a good thing. Especially since I've got two decent-sized batches; one at 25 cents and another at 20 cents. My RDRT Jul7.5 calls are looking quite a bit worse, though. Out of the money by about $2.70 and not looking likely to gain very much in the coming 5 weeks, compared to THDO where I'm $1.10 out of the money and looking better.