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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (29398)1/17/2001 1:01:12 PM
From: im a survivor  Read Replies (1) of 65232
 
Hi Tom...back in extr I see........what is your strategy on it......on a whim, I bought back the jan 50's I wrote when I bought extr at 39...yesterday for 1/2.......thought it may rally past $50 by friday.....here we are on wed, and over $50.....so, move yesterday was good....but what to do now.......I am wondering whether to cover my extr with feb 60's or 70's, or wait for a bigger pop and then cover, or just let it ride.........the High PE makes it tough for me to figure....could be back to $100 in a blink if naz cooperates, or could be back in 20's if naz doesnt.......watcha think?

keith...glad he uncovered his extr now, but wondering if he'll be glad tomorrow or the next day........
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