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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: kaydee who wrote (472)2/21/1999 9:53:00 AM
From: kaydee  Read Replies (2) of 779
 
Just my 2 cents... My Feb options on YHOO/LCOS/MSFT expired worthless, like some others on this thread. Though I was ready for this on YHOO/LCOS, I did not expect this on MSFT... I gave back 50% of my Dec/Jan gains, in Feb 99... Still IMO, I am lucky, glass is still 50% full...

I am not expecting Nasdaq to go 50% up in the next 2-3 months... So I may not play options big way... The recent rise was because of Oct dip, December e-tail sales, good earnings and 401K/IRA flood in Jan... So the question I am asking myself what is the best strategy for the next 2-3 months...

- Buy stocks and protective puts again for 10-25% gain/loss...
- Covered Call writing for a max of 10-25% gain/loss...

May be the first strategy is good for NUT stocks, while the second one is good for others... (Though my buying power is quite limited)


Subject 25851 (Gorilla and King Portfolio candidates) A good thread IMO, I do not remember how I found it.

Thanks everyone,
DB
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