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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (116562)11/12/2000 9:11:01 PM
From: Jenna  Read Replies (1) of 120523
 
<font color=teal> Shorts this week: SDLI and RBAK (again).. you should always keep a small put position, after initially buying 10-20 contracts always holding over at least 5 after profit taking. That way you wont get caughtin a bearish flag rally with more than 5 contracts after a lion's share of profit is aleady realized. SDLI is more likely a 'few weeks' put trade like RBAK and JNPR were. SDLI should be trading in the 60's or even lower.

Call positions or trading on the long side should not be ignored, but at this point as in the last 5-6 weeks I would not hold them overnight. PMCS was good for a day long call position but only 5 calls were left for Friday and they were dumped
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