Crash and Burn 2001 Message Board

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Strategies & Market Trends : Crash and Burn 2001

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To: minorejoy2000 who wrote (69)	7/17/2001 2:57:34 AM
From: Dale Baker	of 207

If I paid 2 for the NLI puts and they are worth 8 when the stock is at 2, that's a four-bagger in my book (actually 300% profit). The time premium in the puts is not much now that they are in the money. I debated cashing some on this dip but I don't see anything coming inn to support the stock now. The funds will keep dumping it. A move under $5 will be lethal. I am holding for now. If we get under $3 and have any time premium left I may cash out there and reload on a spike.

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