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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Bruce A. Brotnov who wrote (633)1/9/2002 8:58:57 PM
From: Dave Gore  Read Replies (1) of 16631
 
Bruce, I know, but I am leveraging stock options and am very upfront that I am more interested in a short term snapback than a long term hold. Look at its chart and look how volatile the stock is in the 75-85 range. With options so cheap, it might be a good reward. But only if it runs a little prior to earnings or after earnings. It's a gamble, but a very short term one with not a whole lot of money involved. I'll see how this one plays out. If I triple my money, I'll be thrilled. If I lose 50-80% of my money, that's the risk I took. It should be one or the other...LOL!

PS-- I bought the FEB calls, not the Jan calls. I am not that big of a gambler. They are .85/1.00 per contract. I figure if the stock goes up to 78 short term, I will more than double my money. If it goes to 80-81, I should triple it.
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