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

To: Warren Gates who wrote (3430)	10/30/1997 8:49:00 AM
From: Staff	Read Replies (1) \| Respond to of 4571

Warren.. the out source issue has been one that the hypsters have buried their heads in the sand over since day one. Your absolutely right if your thinking much of the work will be done in markets with cheaper labor. A few notes I'd like to add Warren for any option players here. Careful on those far in of the money puts. The more your in the money the less liquid it is. You touched on it yourself... why would you pay $10.00 for an option for a stock that's trading say at $20-$25.00 ? Logic would dictate just go in and do the shares. Unless... you wrote the stuff. Note option newbee's............ Deep in the money puts you own are only going to be bought back by those that wrote them. These folks are not going to go out of their way to hand you any good fills by offering a premium of any kind. So kiss the premium goodby and you'll have better blood pressure from day one. Chances are that you paid a premium when you bought them if the strike price was close to the market price when you originally bought them. If you now deep in the money profitable.. great... but your never going to get that premium back. So be realistic..consider it gone and be happy! Like a high interest loan...and like a loan shark.. it's the cost of playing the option market. If your deep in the money you'll make a nice profit without the premium so don't dispair. Just have a good exit strategy. My experience has been that you can throw the bid/asks out the window. If you own the DDIM 40 puts for instance... ( All that do raise their hands:-)har har har har Put in a specific price to cover no matter how ridiculous is seems or how far away from any bid/ask it may be. Remember this stock is really thin and the options are even worse. If you do anything at the market your asking to be mugged !! Personally I like to alway cover puts right into big breaks. The more emotional the better your chances of getting something over par value off the current spread. My guess is that our 500 plus point down record for a one day crash will be a short lived record. days like that are good emotion generators for sure. Good day to cover puts. :-) Anyone have anything to add I love to share option trading stories.