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Strategies & Market Trends : Dawg's Place

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To: thebeach who wrote (1089)7/13/1999 12:20:00 AM
From: Samuel Wayne Turner   of 2751
 
You are jokeing arent you??? Assuming you are not jokeing, you sell. If you think nxtl scores big on the earnings and want to risk something on the outcome, then you sell at least enough of your options to recover you orginial investment and let the rest ride. I personally would take at least half my profit and might let the rest ride ONLY if I strongly felt that nxtl would surprise to the upside. You are holding a rapidly expiring assest, not a stock you can hold until it recovers. Many options players say you should routinely sell anytime you do 100% return on your money. Over the long haul they may well be right, of course, there are exceptions. Good Luck.
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