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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?


To: Rob C. who wrote (11444)11/25/1998 11:53:00 AM
From: brad greene  Read Replies (1) | Respond to of 26039
 
Rob,

I had a bunch of November 7.5s that were going to expire......so I had to sell them. I bought them back when IDX was at $5 and change. I also bought a bunch of March 5s at the same time....I'm looking forward to exercising most of them....and calling away the stock. I don't know what I will do with my December calls......I think IDX has some stuff coming up........so I'm cool.

I guess the problem is in terminology. I have not written any calls or sold naked calls.....I would never do that. I never believe IDX is going to go down.

Hey......Looks like a 21k buy on the opening today.......perhaps a little institutional action may be upon us........Institutional ownership of IDX is still only in single digits.....I think this is a bullish sign.

Don't think 7.5 is in the cards, Rob.......The pantry is quite well stocked.....and I don't think IDX will allow a drop back to that level. I would welcome it, however....as I would load up again. Microsoft/Sun will be doing something soon.....and I would think that IDX will be involved.

That will be one heck of a day.......IMO.

bg