INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (8422)	5/23/2000 11:44:00 PM
From: John Harton	Read Replies (2) of 11051

DJ "Calls thing of past?" Alas, no. But I did play the straddle. So spent today with my left hand giving my right hand money and the time premium loose change falling on the floor.<g> Also the calls decaying faster than the puts appreciating. It was an excellent call for you to cash out Friday and a great call by Berney to target Tuesday(I still wonder "why Tuesday ?"). Hope TM adjusted his position to come out ok also. Of course the game is never over. Best case senario for me now would be to continue on down to probable COMPX 2850 or so.. sell puts ...avg down calls and play the upside. Worse case would be for NAZ market to stop here and downside to infect DOW and harm my "turtle" collection. Still not sure that we don't see a bounce soon. So I'll hold on to my straddle for another couple of days, pay the time premium and consider whether I should cash in both puts and calls and take the loss. Life would be simpler if I was all in cash like some people I know<GGG>. John PS Frau Harton returned tonight with many thanks for excellent travel advice. Think I'll have a glass of Mosel.(^_^)

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