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Strategies & Market Trends : Tech Stock Options

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To: Michael Hillman who wrote (2703)	6/18/1996 4:40:00 PM
From: Judy	of 58727

IOMG ... anyone take advantage and seize the day? Watched IOMG holding, holding ... looking for it to dip below 35 and test 30, said so in my last post. Within a minute or two of touching 30, the panic set in (or computers ... lots of programmed trading) and IOMG tanked. Almost split my glass of wine! Saw the stock recover a bit, but there may be more panic tomorrow or sanity may set in. Never knew the NAZ was down 25, just sold IOMG jul 30 puts at the close ... couldn't resist. Deed is done. And you? Yes, Vjet ... the dangers of doubling down on a losing position while selling puts. Let's hope this doesn't drive John back to smoking! God ... and this is only Tuesday...triple bitch, michael.

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