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Strategies & Market Trends : Technical Analysis - Beginners

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To: TechTrader42 who wrote (10994)	10/3/2000 12:01:30 AM
From: James F. Hopkins	of 12039

Amusing if your not holding it :-) XRX warned again ! and is down after hours.. it's my one lemon ..and one more reason I like flipping indexes more better than picking stocks. Jim Talk about amusing, by some quirk in timing I bought FIBR some time back..at about mid 40 well the Nov 55 calls were bringing a high premo at the time so I sold covered calls.. She went all the way to 75..and I was saying damm but the 55 puts got cheap and I said what the hell I may as well buy them ( just in case ) She is now 26 As it turned out I bought the calls back cheap dump the stock..then sold the puts and damm near made a double anyway.. But it was more luck than skill..I had no idea she would drop back into the 20s . Jim

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