PTC Message Board - Msg: 14125153

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Technology Stocks : PTC

PTC 196.36

-1.1%

Nov 3 3:59 PM EST

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To: Ram Seetharaman who wrote (3546)	7/28/2000 11:20:16 AM
From: James F. Hopkins	Read Replies (1) of 3646

I don't buy anything in a down market, I play momentum in UP markets only "after a correction". At that point I ( "leg in " selling covered calls after I buy. The premium on the calls is where the real profit is. As time eats up the value of the calls at the next correction I buy back the calls and dump the stock. I short but not often, however I learned my lesson about not bottom fishing in a down market several years back. Liquidity runs the market more than earnings. --------- Trading Rule #1 don't bottom fish in a negative market. You may win one or two but in the long haul you'll lose on something big time that will more than take back the profit of the ones you win on. You need a positive market to bottom fish in. It's like going fishing for fish in a storm,,tahts no good unless you like getting killed. Jim

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