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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (12716)	10/24/1997 4:00:00 PM
From: Mark	Read Replies (1) \| Respond to of 50167

Electric, re: IBM Puts - Been there, done that too. I got into buying calls on IBM only after successfully putting it for a while and then getting the thrashing of my life (what went up didn't come back down). I just bought some Jan115 calls for 1+5/8 but that's just to lower my cost basis which is about 75% higher and to roll out some of the Nov110/105 series I bought after IBM/MSFT had restored faith in the markets, all was rosy, and IBM 110 was just around the corner (turns out that corner is over 4 months long in coming now!). That's it for my opinion on IBM - we'd be interested to hear how your shorts worked out and how your overall performance fares with big blue, please keep us tuned in. Best regards, mark