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.

Non-Tech : Callaway Golf -- it's a buy -- Ignore unavailable to you. Want to Upgrade?

To: LEE SWIFT who wrote (139)	5/14/1998 1:15:00 PM
From: Don Dorsey	Respond to of 307

That is probably a good strategy. It usually takes a few months before a stock can recover after a sharp drop like we just had, but ELY is still the blue chip name in its industry, and should have limited further downside.

To: LEE SWIFT who wrote (139)	5/14/1998 2:26:00 PM
From: Mark T. Heath	Read Replies (1) \| Respond to of 307

Regarding your selling covered calls, I was thinking the same thing last night. After looking at the CBOE for a listing of options available, I didn't perceive any value in selling covered calls unless you are willing to push out the exercise date by several months. In doing this, you are taking a chance on the stock recovering and your stock being called or buying the call back at a loss. It just doesn't look like enough to mess with to me.