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Strategies & Market Trends : Canadian Options
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To: Natty who wrote (195)3/4/1997 9:23:00 PM
From: Porter Davis   of 1599
 
Natty---you *tried* to sell them?

I won't presume to tell you how to trade, but you say you bought some Aug 62.5s before the stock ran up to $71, so I assume you had several dollars profit in your position. Did you try to squeeze an extra dime out of them by 'middling' the market and end up not selling them? There is always a bid/offer for all series. What I try to do is let the profits run, with a mental trailing stop that I move up as the stock goes up. If the market turns and it hits my stop, I sell it out at the market, give my thanks, and move on. For what it's worth.

Porter
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