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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Vegas Kate who wrote (12352)	11/15/1998 12:17:00 PM
From: Sycamore	Respond to of 14631

Vegas, If buying leap calls bring you good luck then that's a different story. Just don't see any advantage of buying calls on low priced stocks especially if it's too far out of the money and have to pay a premium that's more than half the current price. <<I like to buy leaps then write incremental cov-calls on them sometimes>> You can probably get more if you actually own the stock, don't you think? <<The other benefit is, if the stock dies big time (like my Boeing and Fed Ex leaps did!), it limits the losses to just the price of the calls.>> Is this not what a "stop loss market\limit order" is for, to limit our risk exposure? Don't mean to be critical. Anyway, I'll stop right here and good luck to your strategy. sycamore