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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (1840)1/4/1998 1:56:00 PM
From: Stephen M. DeMoss  Read Replies (1) | Respond to of 4903
 
Larry, Would it be wise to sell calls on our stock (I bought with a similar average to you). The Jan 25's are bidding about 1 right now. With uncertainty around the TA of the stock, would it be wise for us to lower our cost by selling calls? Or will it limit us in that short of a term (only 2 weeks till expiration). To me, most of the bad news is out so it is possible that the stock may go UP after a shortfall. Does anyone know the exact date of earnings being released? Also, with all the institutional ownership, will they 'LET' the stock fall? I am not on margin and can wait. Im trying to decide if there is wisdom in selling calls short term...Thoughts? Steve D.