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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders

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To: H James Morris who wrote (297)	3/15/2001 1:59:40 AM
From: Jenna	Read Replies (1) of 589

DPMI.. yes I did they were the March Puts so I bought April 55's in the last reversal period. Its not easy holding onto puts when you believe the stock is overvalued and like CCMP I'm waiting for an earning warning or downgrade, but I held CCMP short/puts for so long and sold them the NIGHT BEFORE it actually called the downfall and I was a bit peeved. The difficulty is NOT in losing faith in your projection, but I think the fed with cut interest rates and I don't want to be caught in a put position even though the outlay today was just $4k for these latest puts. Its difficult maneuvering a few puts and then some longs and I did mention to some trading friends today that I actually feel safer holding long positions over short positions, and this is my second night that I'm holding a number of long positions. Not in any danger areas though. We were tempted a bit to hold ELNT and DIGL tonight but I only held WCOM from that group. Scalp trading is not my style I like beefy trades and you have to risk a bit more to make a lot more.

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