Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Nunn who wrote (72732)	10/17/1998 8:53:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Good morning Geoff, My experience is identical to yours. I spent much of yesterday trying to write covered calls against my TLAB position -- all to no avail. TTFN, CTC

To: Geoff Nunn who wrote (72732)	10/18/1998 6:24:00 PM
From: nihil	Read Replies (1) \| Respond to of 176387

Geoff: Thanks for the observations According to the chart, volume on LDEAO Friday was 12. After the second trade at 13, the next trade was at 12, doubtless in response to a low bid that you had refused in advance (so that your 12 3/4 was passed by someone on the floor who took a loss if he had bought at 12 1/4 or more). Thereafter, the sales price dropped to 11 3/4, 11/58, 12, 12, and final sale was 11 3/4. There is no reason to believe that your offer was intentionally neglected but let us say that it did not attract the attention of teeming masses, for this is a relatively idle corner (or maybe a blackboard), few transactions -- the guys have no time to waste in idle pits on expiration day (that's why the spread is so high). Take a busy pit like DLQKM, vol 4208 and a spread of a teeny, and you have action (and no need to haggle over price).