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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: harryl1 who wrote (1704)	7/29/1998 8:55:00 PM
From: Melissa McAuliffe	Read Replies (2) \| Respond to of 4509

There is no guarantee that the stock is going to 32. But I'm not going to jump in now and buy anything until I get a feel for what's happening here. I think there is just as much chance that we could see 32 as there is that the stock has bottomed here. Actually when I buy these calls I'm thinking of buying the Jan 40's vs. the 35's. The way I see it, if the stock hasn't moved to 40 by the Oct/Nov timeframe this probably was a mistake anyway so why risk anymore than I have to. I know it's better to buy in the money calls but in this case it doesn't make sense to me. But it isn't like there's a rush to buy these tomorrow so I guess I'll have some time to think about this.