Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Kevin who wrote (28111)	11/10/1997 10:56:00 AM
From: Kevin Walsh	Read Replies (1) \| Respond to of 58727

Good Mon morning Kevin and all, Sold my 8 CPQ Nov 65p @ 3 3/8. Bought them last Wed for 2 3/8. I sold them just after open because I felt the way the market was opening, the premium would drop even if CPQ stayed flat. It turns out I timed it right for once (the open at least - it will probably continue to drop now) - 3 3/8 is the high last I checked (before I caught up with SI this morn) it was @ 2 5/8, now I see CPQ down 1. I was hoping to buy them back cheaper, looks like I wasn't quick enough. I'm home today trying to get a doctor appt for my knee, which like my trading account is getting stronger but there's still pain. Take care, kw.

To: Kevin who wrote (28111)	11/10/1997 11:06:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Kevin, You got me started, and you will regret it (laughing). Lets take it from another point a view. A gain of 267 points in the DOW would mean approx a 3.5% gain. To the 3.5% apply your beta factor of 1.2, which equals to 4.2% and then apply that to IBM @ 100 and you get 104.2. Now take the average of your calculation of 16.5 and this one of 4.2 and you get 10.35, so if you apply the average of the 2 approaches then IBM could be around 110 if the DOW hits 7900. I told you that you would regret it. All I did was number manipulation, but regardless I think you will be happy with the results. I only did that since Im bored and please do not put any creadence to it. It was fun for this boring person. I truly do not like to use targets in the form of stock prices. I prefer to use specific targets in my technical indicators as pivot points. Seeya