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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (123794)	9/8/2005 2:38:51 PM
From: IHateSourCream	Read Replies (1) of 209892

OK, I've taken the plunge! <vbg> I've bought half Jan 42.5s and, living dangerously, I've bought half Oct. 42.5s. I liked the price of the Octobers! ;-) I've already got a fairly large position in my common shares, so, as my first options play, I admittedly didn't buy too many contracts. Need to gradually ease into this. Also, given that the price spiked up today, I'm wondering if there might be a slight pullback. If so, I'd probably add to my contracts on that pullback. Quite frankly, I don't know what took me so long to do this! I'm glad I finally bit the bullet. <g> >>DON'T follow me when it comes to options<< LOL! You don't have to worry -- I did my own due diligence. The January 42.5s make sense because they provide ample time cushion should the market head the other way. The Octobers...well...those are a bit more risky. We'll see what happens. Not to sound too pollyannaish, but I'm very excited about this! :-) This is a big step for me. Really appreciate your helpful guidance mc.

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