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Technology Stocks : INTEL TRADER
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To: Chris who wrote (3291)7/21/1998 6:19:00 AM
From: smolejv@gmx.net  Read Replies (1) of 11051
 
>>I am sitting on a couple of large gains in y2k LEAPS (LU,CSCO,MSFT) and wondering what my exit plan is? <<

Well, one of them you tried already and you definitely didnt like the 90% loss. So, SET THE LIMITS in your little black book and when it is crossed on the way down, sell the next day. Dont get emotional, like "it will SURE come back" or whatever.

I just sold my DAI and Vivendi leaps; they crossed the line, they were not supposed to (g). And I will not hate my guts at all tomorrow, when things may possibly look rosier. Im sure DAI will be much better in april 2000, when the leaps run out. But the game is not who can take on more pain. It's called making money.

DJ
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