SI
SI
discoversearch

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.
Technology Stocks : INTC -- Ignore unavailable to you. Want to Upgrade?

To: Gary Kao who wrote (728)10/21/1997 4:14:00 PM
From: Jules B. Garfunkel  Read Replies (2) | Respond to of 990
 
Gary,
Right now I am feeling like a stunned wounded Bear. At least on IBM.
I still have until January on my IBM Puts, but I have never seen anything like this in 35 years of investing. While I know that "The Street" would like to see IBM continue going up, else possibly kill all the money that is pouring into Mutual Funds, but this irrationality is insane. IBM's quality of Q2 earnings were just terrible.
Jules



To: Gary Kao who wrote (728)10/21/1997 11:40:00 PM
From: Jules B. Garfunkel  Read Replies (1) | Respond to of 990
 
Gary,
My strategy was Selling INTC Puts and Buying IBM Puts with the proceeds from the sale. Later, when INTC was up, I bought back the INTC Puts at a much lower price, and held the IBM Puts for very little cost. However later, as IBM's price rose. I had to pay more in order to roll up and further out in time.
Jules


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News