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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: JP who wrote (2033)	11/13/1997 12:47:00 PM
From: Irene Lynn	Respond to of 6180

I put a low bid in yesterday for the jan 2000 leap strike at 100 and got it at about 20 minutes before closing and then it closed up 2..i put it in at 29..right now it's still higher despite txn is around 93+...it means you have till Jan 2000 to either exercise your option or if you do nothing you can loose your investment...you can trade it any time just like stock..ie; if that option is up 2 pts today...for 1 contract that's $200...if you're not familiar with options..i would familiarize myself first..cuz you can lose money ..but going this way out to the yr 2000 at a strike of 100...i feel is pretty safe...even if txn goes to the 80's it won't last long...I've been reading more their website...it's very impressive and I think the selling is over done due to the volatility of the stock..let's face it since september there's been some major point swings and who in their right mind wouldn't take profits if they see it free falling.<GGG>....well, maybe I should have stated that in another way ...go to www.cboe.com which is the chicago board exchange....you can familiarze yourself on options and leap too...a leap is a long term option usually a year or more..you pay a high premium to go out..but you can sleep at night..and right now the premium has come off quite a bit imo!... Irene P.S...and with a 2 for one split you now would get 2 contracts