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

To: Lizzie Tudor who wrote (2521)	10/5/1998 3:11:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

Michelle, I know you must have meant not to sell covered calls...not puts...But yes, I'm talking about naked puts where I get 4 1/2 per share now, e.g. for agreeing to buy the stock at $20 in April. So if I have to buy it becaue I made the wrong decision on where I think the stock wll be in April, I end up with a new cost of $15 1/2 next April. I'm actually thinking of doing the same thing w/sebl. I agree, I don't think a sharply higher move is imminent. I've been looking at the charts of some of our stocks which have tanked in the last year and they always go lower than they did on the first day. That's why I held off on Friday...maybe I should just wait on this too.