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Non-Tech : Bernie Schaeffer's - Option program

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To: Mike Fredericks who wrote (139)6/17/1997 11:03:00 AM
From: Mike Fredericks   of 203
 
Well, I got filled at my limit sell of 4. After commissions, I made 18%, not bad for a week. Certainly not Bernie's target. Underlying stock is still going up.

However, what I decided was that I couldn't play with the limit once I had set it - it was just emotional... a week ago, I told myself that I would consider it lucky to get out a little ahead, since the stock was way to close to the top of its Raff channel.

I'm still losing on those darn BAY puts. In @ 4, which was less than Bernie's 4 7/8 max... Down more on the BAY's than I made on the call I just closed out, but there's still time for BAY.

-Mike
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