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Strategies & Market Trends : Lessons:"How to" properly exploit Price DROPS, in stocks

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To: tom r. phillips who wrote (560)8/28/1998 4:56:00 PM
From: Jim Goodman  Read Replies (2) of 660
 
thanks...I want to wait till I see newest charts, Sunday, but WILL answer you Monday, if that is o.k., ....many stocks are already down off their highs, and I generally never "chase" down any blue chip issues, even if they look lower, preferring to buy, today, issues which are still in stage 4 or 5 in their "PSYCLE sm", while still near their highs....hope this helps...as to MU, a toughie, but you cannot go wrong selling for a double....sell 1/2 pos. anyway ? good for you....but no formal opinion on MU here, sorry....will talk again Monday, have a good weekend, and kudos for playing the downside at all, shows you are above avg.
....my NL gave out dozens of successful Puts again this time around, though I took a few Q, small Puts losses earlier, of little consequence....we shall see....been doing well for my people, in Puts, best wishes, till next time,
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