Play It On Paper- Clappy's Newbie Option Thread Message Board

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Pastimes : Play It On Paper- Clappy's Newbie Option Thread

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To: Clappy who wrote (1)	7/21/2000 5:53:09 PM
From: David Cecil	Read Replies (2) of 176

Hi Clappy, I have been lurking the porch for quite some time. I share your sentiment of being a short term bear exactly. So I started buying puts. I was thinking as PMCS and SEBL for a couple of days and ended buying EXDS AUG 55 put (DUBTK) yesterday at 3 3/4. SEBL would have been a better choice I guess. EXDS had a nice run before earnings and yesterday after earnings. The recent run was from around 36 to 59. If it breaks 55, I think it will go further down. After hours it is trading around 55. SEBL/PMCS had a nice run too. They are possible candidates. I agree with your thoughts on JDSU. I am also considering buying puts on that. What do you think about buying options for ELON? From March to May, I lost a LOT in options, especially calls. My mistake was not selling it when I should have. Also one major mistake was I went for really short term options. Short term options have the potential for maximum return, also the maximum potential for expiring worthless. I learnt it the hard way. Really hard. I have made up only 25% of my losses so far in the last month. Hope I make up the remaining losses soon. Glad to be part of this fantasy. Go for it. David

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