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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (5675)	2/28/1997 11:59:00 AM
From: Kevin	of 58727

Hi Tom. >>>First, congratulations on your INTC play--I thought that you were crazy as you were doing it, but it sure seems to have worked out for you.<<< Thanks, Tom. I appreciate hearing from you. Because INTC finally did top, I may have found a way to determine when to actually buy the puts next time (instead of buying dozens on the way up). I've finally sold off almost all of my puts (only 14 left) for a great profit :) I'm doing some bargain hunting today. Shorted puts on IBM for a base @ $140 Shorted puts on MOT for base @ $55 I'm playing ASND for the upside but got in way too early. And I have a few other open plays right now. New indicator would work very well, if I'd only close the plays with a $1000-1500 profit. I was looking at profits about that size with USRX & ASND before expiration, but thought I could get more. That was the problem...I started to think too much. I don't use RSI backwards, because any stock that has an RSI sub 10 is in really bad shape. Not only is it a dog, but a dog with FLEAS. It just didn't seem to be very accurate. Hope you're having a great year in the market so far! Kevin

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