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.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (55742)	10/18/1998 1:45:00 AM
From: epicure	Respond to of 58727

I'll tell you what I've told my friends- I see nothing in the technicals right now that makes me want puts, right now, this minute. That could change with tomorrows charts. But I find the fundamentals alarming, and I have since this spring, when I bought gold and started shorting WAY too early. So because I don't like the fundamentals I bought some puts in stocks that look lousy even though the indexes look good- sle on Friday. But other than that I am long, for the most part I am long unloved stocks with lots of cash and great pe's in industries I like, and some other plays that I consider rightly or wrongly to be good deals in a bear or bull market- for example I have been saying for awhile that I think we are near a bottom in the semis (of course they are truly unloved). I could be wrong, but I think the upside here is greater than the downside. And I don't care if I have to hold a year or more, because I am pretty sure the gains will justify that.

To: Stoctrash who wrote (55742)	10/18/1998 4:05:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 58727

I dig. Sorry...but that's the way I took it at first.>>>>> Maybe it had to do with your time of night and the natural activities therein Okay for people looking at WFC.... I have been thinking about a horizontal time spread based on someone mentioning it on another thread..he was using Nov and jan 400 calls So 1. Does anyone know when the merger/buyout is effective 2.What would be the reason for WFC to sell that 2+ million block last week prior to earnings this week..other than the obvious....selling before the stock dropped after poor earnings. Is there a lockout for action from the company on stock sale prior to earnings?? I know there is for individuals. Do they have to raise the cash before a certain date due to their buyout agreement??? etc... Its hard to correlate price action on these calls because they are so thinly traded..but you can see the overall effect The news is out on WFC...its partner was announced and the price was established (anyone know what that is????) so why in the world would WFC break 400 when it hasnt before Is WFC going to blow out earnings and have their stock skyrocket over 400 edit here is the press release from WFC on the merger wellsfargo.com cant find a date on effective date boy this is informative Wells Fargo has granted Norwest an option to purchase, under certain circumstances, up to 19.9 percent of Wells Fargo's outstanding shares of common stock. In addition, Norwest has granted Wells Fargo an option to purchase, under certain circumstances, up to 19.9 percent of Norwest's outstanding shares of common stock.