Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Howard who wrote (9236)	1/31/1998 3:16:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 13925

Howard, Greetings from Cyberspace! I sold my Feb 17.5 call Options for an average price of $1.78 US. So about $19.25 is about a break even point for me. Even if CREAF rockets north to $22/share range befroe Feb 20th, I still got a fair rate of return on my money (although you would get the rest, ha!).... You are right. I gave up any big spikes to gather about an 8% return on CREAF for holding her about four weeks (and of course had eposure on the downside too!). I agree with your analysis of CREAF long -term. Short-term, if you look at a chart of the 50-day moving average price of CREAF, we still have a little more potential downside pressure on the stock. Hence I sold call options for a short period to see if I could make a few dollars while the chart pattern has not yet turned upward and IMO the stock "channels" for a while..... Now speaking of options, what do you think of selling a call option, and then moving upward in price a notch or two and simultaneously buying a call option just to protect yourself while short the lower priced call option against a "runaway stock"? Sincerely, Doug F.