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Strategies & Market Trends : Tech Stock Options

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To: Pascal A. Mons who wrote (2507)6/12/1996 9:23:00 AM
From: Michael Hillman   of 58727
 
Good morning folks .....ready to play ???

Pascal ...myoptic ....that's what I've become the last little while ...extremely focussed on IOMG ..I have missed the others ..and
appreciate your update for yesterday .
I'm finding IOMG easier and easier to read and play as each day goes by ...and profitable ...
Together we have identified base ...beachball won't stay below 35 ...not even with dynamite . Top ..????? No idea ..and don't really care .
I'm just using a very simple entry and exit plan ..
A/ magic # ...40 .....I only buy and sell 40 puts ..all July's til now ....but am looking at Aug .
B/ magic prem# ...7 ....anytime the premium breaks 7 ....I sell puts ...the best I've ever seen was 8 .I plan on riding them out til strike

BUT.. EVERYTIME I sell ....I get greedy .and buy them back ..yesterday at 4 5/8..ALWAYS ..taking the money and running . When I'm awake I use the profit to buy puts for the ride down ....(yesterday I slept through it )....

IOMG does the rest ...and follows a logical and predictable course ..
hey ..I'm just using the Kiss* method of investing ..good enough for a
blue collar investor

For every trade I do ..I do another 20 on paper .....try a few ...it works ..

And what do we have for Semi plays today ????
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