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Strategies & Market Trends : Options
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To: Jill who wrote (3160)2/17/2000 9:36:00 PM
From: steve mamus  Read Replies (4) of 8096
 
I hear you...however I would feel alot better about buying calls on the day of a market HOLOCAUST...if there is a multiple implosion because of market perceptions this would be the kiss of death for big holders of calls with stocks having P/E's of 14 million...OT ,,, what do you do with a stock like WEBM...I bought on day#2 when it pulled back to the 190,s (Monday)...I bailed out today at 275 and it closed at 300. This stock has traded for 5 days...what do you do with this??? I have no idea how you trade it...I strongly suspect that a stock that is up 500% or so in a week is a bit to hot to handle...I like the action but not that much.

DoK
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