Rules We Can Learn From Message Board

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Pastimes : Rules We Can Learn From

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To: The Perfect Hedge who wrote (1)	4/25/1998 12:16:00 PM
From: Byram	of 109

Don't Be greedy - Take a profit or at least sell a portion of your position to recoup your basis - The formula is sell enough to pay for your basis even if the remainder get hammered to 1/2 of current price...Usually that is less than 1/2 of your position leaving a greater Percentage for profit.. Byram Edit Purchase: 10 OEX @ $6.00 = 6000 Sell: 4 Contracts @ $9.00 = 3600.00 Remaining: 6 contracts or $2400.00 basis Means it could Zoom south & to preserve your basis you could take as little as $4.00

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