Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: chic_hearne who wrote (111199)	5/16/2000 4:28:00 PM
From: Goutam	Read Replies (1) of 1576327

Chic, > The 3 of us closed out May options today, I'm wondering if we made the right move. I don't understand this market. I wouldn't be surprised to finish off the rest of the week with down days. I think I'm back with my trading cash if we touch $85 or so over the next few days.> I closed my May positions because of the fast deterioration in their value over the last three trading days. On Wednesday I was up by more than 200%, and by yesterday evening I was in negative with my May 90s. Today, fortunately I was able to get out with close to 100% profit. I'm going to watch AMD price action tomorrow carefully - if it goes down below $84 for no reason except due to option's expiration pressure, I may play with May80s using my trading cash. Goutama

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