Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (48205)	7/2/1999 12:27:00 PM
From: Jenna	Read Replies (3) of 120523

My appointment yesterday cost me $2,400. here's how: I bought CUST puts at 4 1/2.. I held it by 3:00 I left 3:20.. when I came home I saw that the options were 7 1/2, great right? I would have probably sold.. probably. This morning the options opened at 5 3/4.. by the time I got out at 5.. so gain for cust was: 1/2 point (about $400 instead of a possible $3,000, but that's if I had sold it near the close). but now its flying so I'm making it up in the stock. That's why options in a stock like CUST is not always easy. Or conversely I can conclude: stay home,ninny, stick by the computer and make all appointments after 4:00. In the best possible scenario, my strategy might have been: sell yesterday at market near the close (I usually sell an intraday option trade that has gained 2 points so its more than probable I would have sold one that gained 3). Watch the action today, CUST did trigger a clear buy signal this morning, and I might have had yesterday's large gain coupled with today's nice gain as well, going both long and short.

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