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Strategies & Market Trends : Options
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To: Jill who wrote (6786)4/21/2000 1:53:00 AM
From: Tim O.  Read Replies (2) of 8096
 
MSFT's report was disappointing. Hope this isn't the excuse the market is waiting for to take us to a lower low (could be nasty if that happens). Maybe we'll get that double bottom the technicians are looking for.

Sold MSFT and LU LEAPS purchased last week. Also closed other short put positions to raise available cash. Sold PMCS May90P, NT May90P, RFMD May65P, AMKR May45P, MLT May20P, TSM May40P. Hope to get out with quick profits, but think that these strikes will hold even on a downturn.
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