SI
SI
discoversearch

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 : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?


To: Vikas who wrote (8085)3/26/1998 11:54:00 AM
From: Frank Chen  Read Replies (1) | Respond to of 13565
 
I would say a CC strategy is bad. Holding stock is just risky in this situation. The best strategy for this stock right now is probably a bullish call spread, if you believe that the bottom is at 14.

One uncertainty is how they're going to treat the recent acquisition, I believe the revenue will be flat, that means the earning won't be too bad if the acquisition isn't written off this Q.

FWIW



To: Vikas who wrote (8085)3/26/1998 3:14:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 13565
 
Now is a good time to accumulate for options plays later when/if
volatility and bouyancy is higher. Any long-term calls at attractive prices, say, 20 strike? Buy 2x stock position, let them double, sell half, keep the rest for a strangle. Now is not a good time to just sell cc, premium is too modest.

Greg