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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant? -- Ignore unavailable to you. Want to Upgrade?

To: hcm1943 who wrote (2950)	1/22/1998 12:30:00 PM
From: All Mtn Ski	Read Replies (1) \| Respond to of 4697

I am actually not nervous about the numbers, and lost out big-time the last time I sold calls against an established position. I sold calls against my AMAT position last year and while I had a very nice gain, I missed out on a further 45% gain. (Bought at 32 and sold 60 calls and the stock went to 100) Although, the stock is now trading about where sold it...I have seen so many "round-trips" in these companies that I want to be nimble enough to sell when I feel the time is right. By locking yourself in your position for some time period with options, you could miss on the right time to sell or miss out on a further gain. Now I only buy puts and calls, although I have sold some puts on a few occasions. And with WFR being my largest position, I am reluctant to add any more exposure...I'll just have to enjoy the ride. Cheers, Tom