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Strategies & Market Trends : Options

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To: Poet who wrote (6279)4/12/2000 3:59:00 AM
From: PAL  Read Replies (2) of 8096
 
How're you doing through all this whipsawing? Hanging in there, I hope.

I am OK. Last week after returning from a cruise, I opened the mail and found the completed tax return from my CPA. Wow, I could not believe how much I have to pay. So, I liquidated 2 brokerage accounts: Sold everything at the market, and closed all positions. Good thing. Now I can just concentrate on the remaining accounts: this morning they gave me Bookham Technology IPO (BKHMV) at $ 15.83 and on the first day of trading got to > $ 50. This is supposedly an upcoming optical play. I do not play many IPO's but will take the good ones. The profit from these IPO's are my vacation money.

I am positive that the NASDAQ will rebound on Wednesday. I prefer to invest in wrieless communication over roadrollers and tractors.

Good Luck to you.

Paul
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