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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: John Lee CA who wrote (179)6/22/1999 1:56:00 AM
From: J.T.  Read Replies (1) of 19219
 
John, MOT is a great stock. In break-out mode and will continue moving higher. I still think it will get over 100 with ultimate target of 120. If retrace occurs, I will probably go back in.

Sometimes I sell because opportunity presents itself for quick profit. Other times, because its "good practice" to take profits and the more you do it the more it becomes habit.

In a similar vein, I could have taken good profit on PIXR July 50 and 55 calls this morning, instead I loaded up more July 55 calls. I could be early, or entirely wrong, but I place my bet and see where the chips fall.

As for MOT, no need to worry or read into why I sold. MOT will do just fine.

Best, J.T.
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