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 : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Lost in New York who wrote (23236)	10/26/1998 3:14:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

I tried calling the conference number, 3 times, and it was busy.

To: Lost in New York who wrote (23236)	10/26/1998 10:49:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

David, Sorry I misread your previous post. Pretty busy/hectic day for me. >>Actually I sold covered calls, but I agree with your general trading strategy. Time premium evaporates too quickly as expiration nears. That's part of why I sell covered calls. I wasted too much money buying short term calls betting that a stock would rally that didn't go up quite enough.<< Have you considered buying calls 3-6 months in advance on COMS? Especially now, or maybe after one more earnings report to make sure COMS is on track and getting the attention it deserves, it might be the right time to start doing it. As you said, trying to predict one month in advance is unrealistic since anything can happen. But, out of the money calls far into the future, seems a reasonable risk. And one could take profits way before expiration date. I've been thinking along these lines if/when COMS gets 10-15 pts higher and the world economy seems a little more stable. joe