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.

Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD) -- Ignore unavailable to you. Want to Upgrade?

To: gizmo&jack who wrote (876)	4/13/1999 1:17:00 AM
From: Henrick Khachatourian	Read Replies (1) \| Respond to of 1848

OT Please advice Gentle Readers, I have never bought or sold options before...However about 3 months ago I purchased 900 shares of a stock (lets say AOL or AMTD) which has had a nice run up. I would like to purchase some PUT options to insure my gains in case the stock turns and goes lower than it is today. My question is, how should I judge what price and which expiration date to select ...should I buy JAN00 PUT options equal to today's price?? This will cover me in case the stock turns, and also it will make this a long term capital gain (longer than a year)..... Any advice would be greatly appreciated..... Henrick

To: gizmo&jack who wrote (876)	4/13/1999 11:44:00 AM
From: Colin Cody	Read Replies (1) \| Respond to of 1848

My big mistake was sending dozens of certificates into two connected accounts at AMTD. THEN I found out how bad they are! I am trying to sell a Vancouver Stock today that I sent to them when I opened the account a year ago. 1st a computer asked if I wanted to TRADE. I presses "yes" and was on HOLD for 24 minutes until a gentleman picked up. He said the Canadian issues are handled by a specialist and he'd transfer me... 35 minutes so far since and she just picked up... Five minutes for her to call Canada twice once for the price and again because even though I told her the "size" she didn't inquire the first time. Then she tells me "oh BTW did you know Canadian stocks are not $24 a ticket? This $0.03 stock will cost you $0.02 a share commission to sell. You should have seen in in your handbook." 41 minutes wasted. Ameritrade stinks. HOW do they do so well? Can nifty commercials sell anyone?