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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.935-1.1%12:59 PM EST

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To: Steve Fancy who wrote (6321)8/5/1998 1:10:00 AM
From: Oracle   of 22640
 
Sorry I meant 110 not 125, shit this would be a problem !!!

I have some 125's but only paid 6 for um.

Averging down, sounds good in practice, but out of cash.

I also have some Aug 130, which I have accepted are dust, not even worth cutting them, as the commission would be more than the sell !.

My plan as it stands is to watch the global situation until 20 mins before open, then either : -

1) sell everything !
2) hold everything
3) sell everything and buy August puts
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