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To: IanBruce who wrote (13527)5/12/1998 6:07:00 PM
From: Alomex  Read Replies (1) | Respond to of 213177
 


Basically, [soup] would like everybody to know that he sold his options yesterday at a modest profit

Soup sells his options, Alomex sells his shares. Now, that is what I call convergence.



To: IanBruce who wrote (13527)5/12/1998 6:37:00 PM
From: X-Ray Man  Respond to of 213177
 
I mentioned previously I also sold stock and calls on Monday,
and bought puts. Well, today I sold the puts for a 3x gain, and
left a little in reserve, but I am now looking to get back in
by the end of the week. Question is will they try to pin the
stock at 30 or at 27.5 on Friday?



To: IanBruce who wrote (13527)5/12/1998 6:39:00 PM
From: soup  Read Replies (1) | Respond to of 213177
 
>Ian Bruce: Soup had asked to to post a message for him as his computer is down for a couple of days. Basically, he'd like everybody to know that he sold his options yesterday at a *modest* profit.<

Modest!? Embarrass me in front of my peers why don't you :).

>Soup sells his options, Alomex sells his shares (for a 5% profit.) Now, that is what I call convergence.<

Bought two weeks ago for 1 5/8. Sold yesterday for 3 5/8 for a 123% profit. (Thank you kindly.)

Nyah nyah.

soup

PS. Basically these were May $27 1/2 that expire on Friday. I liked what I heard from Jobs, but I didn't hear anything that would move the price of the stock higher between now and then. I sold 50% 20 min after the speech ended and the other half by 2:00PM.

Alomex;

Kidding aside, you have my sympathies. I pulled the same kind of buy/sell dance with another stock that I liked but decided I wouldn't be able to hold in a downturn.