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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: R Stevens who wrote (10896)	5/21/1998 6:39:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 14631

Two reasons I chose deep in-the-money CALLs. One is that the CALLs would move more closely with the price of the stock. The other is to weather a significant downturn in the stock. If I had purchased 7.5 CALLs, as soon as the stock went much below 7.5, there would not of been any further benefit (protection) from an additional drop in the price of the stock. I have not covered yet. I am not so sure this round of selling is over with. I will look over the tape on this stock later and see what happens in the morning of the next trading day. Bob Graham