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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (27680)	11/2/1997 9:56:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

I, too, am in the NorthEast....sitting in a downpour at the Jets game was a tad much. But during the game I realised I used an incorrect factor of 10 as the basis for my example.....an engineer by training, I reached for an HP calculator....a trader by profession, it was buried under a ton of charts and stuff, so I used a cheapo Radio Shack, unaware that it did not recognise 100 million from 1 million. Whether or not you believe me about knowing people who run companies is not material. However, you seem to think I'm saying that these companies are producing revenue from selling puts. Nothing could be farther from my point. My point is....these companies have buyback programs in place and this is one way the program is facilitated. Thru stock buybacks a company reduces the number of outstanding shares making each remaining share more valuable. This is a form of growth. It might not be the type of growth IBM got by buying Lotus....or the type ATT got by buying NCR...or AMEX or GE buying brokerage firms, but it certainly entails less risk. A rivederci.