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Technology Stocks : Veritas (VRTS) -- Ignore unavailable to you. Want to Upgrade?

To: AnnieK who wrote (180)	4/26/1998 1:00:00 PM
From: Lazlo Pierce	Respond to of 742

Just an FYI. VRTS is scheduled as one of the first presenters Mon am at the H&Q conference going on in SF next week. These things often help a stock, and after the selling off the last week we may be in for a pop up Mon am. Dave

To: AnnieK who wrote (180)	4/27/1998 4:59:00 PM
From: The ChrisMeister	Read Replies (1) \| Respond to of 742

AnnieK, Writing covered calls might be a way to get a little income if you can call it right -- pun(s) intended -- but you might also have your shares ripped from your hands by a big bull move. Remember, this stock has traded at a P/E over 100 at times, which would put it up over $75 relative to today's price (53 or 54) and P/E. There's not much of a market (these days, at least) in those way out-of-the-money calls, so it may not be worth worrying over an order that might not fill. I guess I leave this strategy to the pros, because it's got limited profit potential and unlimited risk in terms of profit not realized if you get left behind. But if you need a short-term loan... Have you considered a spread strategy in case things go the wrong way on you? With that said, the Aug and Nov 60 and 65 calls certainly looked dirt-cheap today at the lows. Hard to imagine how they couldn't be way in-the-money at expiration time -- or even much, much sooner... ChrisMeister