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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: VinWood who wrote (2418)	6/25/1998 9:07:00 AM
From: Ray Rueb	Read Replies (1) \| Respond to of 10081

RE: What do you think of the Feb. LEAPS? The Feb 10 calls last sold for 6 1/2. With the stock selling at 14 1/2, you can buy the stock on margin for 7 1/4. For 3/4 of a point it doesn't make sense to me since options are less liquid than the stock. The Feb 12 1/2 at 5 3/8 make more sense for deep-in-the-money calls. As I've stated, I'm a buyer of the July 15 calls. I've purchased between 1 1/4 and 1 5/16. When GMGC goes up to 16, these will double in price; at 20... a 4 bagger in 3 weeks. Again, my link for getting GMGC options quotes is: cboe.pcquote.com My view of options is that they are for triple-or-nothing, and are only for short term (4 weeks or less). OPTIONS ARE DANGEROUS (and so am I, at least that's what my mom says). Good luck!