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Pastimes : Home on the range where the buffalo roam

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To: Venkie who wrote (12224)1/28/2004 6:33:39 AM
From: Sig  Read Replies (1) of 13815
 
I forgot Greenspan was busy yesterday. He should be finished today and we can move back up..
Nas is up 600 already
It seems time to look at some bios.
Yesterday Ngen,Radn,Dusa, Clgy, and Anik made big moves and the venture capitalists are busy in the field.
Good luck on the Insp, have to guess where it can go.
I rode Jnpr up to near 30 and was forced to sell out since the calls expired, but am guessing it has some life left so have eased back in a bit.
I sold some of the 20 cent calls at $1.5, at 3, at 5, and at 8 on the way up which reduces the overall gains but that is the way I will handle it next time also.
Also converted some of the calls into 2005 leaps so am still in Jnpr for some potential LT profit.
The idea I use is to (generally) never sell all of a stock that keeps moving up. Many would fix a limit and say thats enough, I'm gone, but I need to keep the bigger gain opportunities to make up for losers.
That may not be feasible for some because one has to continually watch the market and cannot take a vacation !
Regards
Sig
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