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Strategies & Market Trends : Charts & Scans

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To: Jeff Jordan who wrote (2799)	4/11/2003 8:52:13 AM
From: Jeff Jordan	Read Replies (1) of 5125

Options expire on Thursday as next Friday is holiday. I will definitely short EBAY today. I got hurt yesterday so it was a mistake not taking Apr. profits but anything can happen next week. When investors face the coming flat quarter, therefore it is extremely overpriced IMO. I paid a large price for owning MSFT when they beat earnings with record earnings but said next quarter was flat...well it lost 20% So it doesn't matter if EBAY earns 30-32 cents even if they surprise .35 it doesn't matter. It's beyond fairly priced. I may spend the day out....I hate the idea of letting my apr85 go from profit to worthless, but I'll just let fate happen, I did buy May so if I get gains from options I'll take them if not...another lesson learned.

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