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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Bald Man from Mars who wrote (3173)7/25/1998 4:02:00 PM
From: hiram rohira  Read Replies (1) | Respond to of 5944
 
adaptec is not going anywhere for atleast next two to three years, so sell leaps instead of buying. good luck.



To: Bald Man from Mars who wrote (3173)7/26/1998 9:50:00 PM
From: Pawel Achtel  Read Replies (1) | Respond to of 5944
 
Instead of buying, sell the LEAPS. The implied volatility is pretty high so the time premium is good money. So, if you baldly bullish (as I am) sell $15 puts, if not so baldly bullish $12 1/2 puts or if you not so greedy $10 puts should be the safest of all.

Cheers,

Pawel


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