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Strategies & Market Trends : Options
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To: PAL who wrote (7771)5/9/2000 12:06:00 PM
From: Tom K.   of 8096
 
...guessing a stock's bottom is a risky proposition....

Paul, I couldn't agree more.

However, selling a naked CALL says you don't care where the bottom is, just that it's going down..... simply the reverse of the short PUT that doesn't care about where the top is, just that it's going up.

IBD is generally a bullish paper.... I'm a die hard regular reader.

QLGC would have been a great short CALL. Unfortunately I still have July 60 short PUTs that I'm watching on this one.

Tom
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