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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Neil Booth who wrote (7302)	11/12/1997 8:08:00 AM
From: Jack Gibson	Read Replies (1) \| Respond to of 10836

Neil: My "reasoning" for thinking that the price was low was based on a lot of experience in trading options.......nothing else. I know very little about how to calculate values of options, i.e., calculating the Delta, analyzing the risk reward ratios, etc., etc. You may be absolutely correct; I cannot give you a technical reason for my opinion. Would I pay that price? No, but not because of the price itself. I do not buy calls on any stock when the stock is on an up- ward bias. Most of my BORL calls were bought when the stock was in the $8. range. I might buy a put or two on BORL today if we continue the upward trend. I look for a small pullback sometime soon. Thanks for your interest and reply. Cheers and luck to all, Jack Gibson