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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: investz who wrote (8112)	11/26/1997 4:23:00 PM
From: Michael	Respond to of 14577

Given the uncertainty of how long it will take the stock to recover, I wouldn't buy calls. Also, given that the stock is around $6, why buy calls?

To: investz who wrote (8112)	11/26/1997 4:37:00 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 14577

Do you believe the stock has a quality product and the capability to successfully maintain its market? I have asked for technical opinions several times on this thread but havnt received answers. But it is my opinion that the financial and current product performance of the company provide good value and therefore I am willing to initiate a position. In terms of long term investment philosophy I rarely sell a stock that has declined if the fundamentals upon which I bought the stock remain intact, but I also invest initially in beaten down value plays. Its easier said than done but your best chance for success at this juncture is to accept the fact that you have a 6 3/8 dollar stock and put aside the need to get even. I personally havnt bought calls for about 7 or 8 years. But I do write covered or ratio call positions and naked puts and calls. A 2 for 1 write at this juncture will offset some of your losses, soften further possible declines but on the flip side severly reduce your ability for significant upside profit and probably limit your ability to "get even". In my opinion you would have to be extremly bullish to purchase calls.