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.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (35306)	2/26/1998 2:50:00 AM
From: Philip H. Lee	Respond to of 58727

Georgia Gulf (GGC, 32 1/2) calls. I just entered into some August calls. Last time I went into GGC calls, I was able to make a nice bundle...around 90%. Hopefully, I've done the right homework again this time around. Management authorized a large 20% share buyback a few weeks ago because of strong cash flow and attraction valuations. The stock is still where it was 3 1/2 years ago, and management seems driven to increase shareholder value. After running from 28 to 36 3/4 this year, the stock has retraced about 50% to its 30-day exponential moving average, providing a decent entry point. 9-day RSI had a positive breakout today. Fundamentals appear above-average with GGC's costs are lower than the industry average since the company is significantly vertically integrated. Philip