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


To: Scotsman who wrote (24404)10/25/1997 1:15:00 PM
From: Peter V  Respond to of 50808
 
I agree with you there Scotsman, I wish I had saved my money instead of buying more CUBE on MONDAY, thinking that the drag-down effect from other stocks with bad earnings was over. But I could not anticipate the HK thing ..... If it goes to 15, I'll swallow hard about my stock losses and dig out some cash for the LEAPS.



To: Scotsman who wrote (24404)10/26/1997 11:30:00 PM
From: view  Read Replies (1) | Respond to of 50808
 
CUBE does not have to go to 15 before those put buyers would make money.

Let's say you have 5000shraes that you bought at 25 (current 200 day moving average). If you purchased 1000contracts, means you are controlling 100000 shares. So if stock tumbles to 22 and these put become .625 you have trippled your money or you have made $5k, and still have your shares. Just some taught