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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (59643)11/8/2003 3:22:14 PM
From: Fritz Hatt  Read Replies (3) of 65232
 
As a matter of fact I still do. I know you told me to lighten up last time MO spiked, but I held on and sold half of them yesterday, They were Jan 04's $45. I had sold previously the $40's and rolled some profit forward into the $45's. January was getting awfully close, with the time value steadily eroding.

This one was one of those instances where news intervened and selling them at a good profit was a no-brainer. The rest of them I'll hold a bit longer, waiting for next week.

I'll also think about rolling some forward to the '05s.

Now if only my JNJ's would do something. I'm under water
and at this point I'll wait 'til January hoping for JNJ to move up at least with the market.

RR, I admire your memory and your kindness for asking about these calls, which i bought "coattailing" the master!

Dealie, I'm still in XMSR which has done well. I did sell at 18.60 but then bought back in at 19.40. Thanks for pointing me to XMSR.

As far as China, is concerned, I did play XING without much success. About four months ago, I just bought a bit of CHN (NY traded stock fund), and its done great, up about 50% Thanks for having me look at China.

Hope everyone has a wonderful weekend.

Fritz
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