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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (1858)1/30/1998 4:09:00 PM
From: MonsieurGonzo  Read Replies (3) of 11051
 
DJ; RE:" DAX "

Yes, the air is getting thin up there, Janko - went flat DAI today after the up open; I lost 1/3 of my profits because of the decay in time value (in the FEB options) but still came out +40% on the 20 CALLs I accumulated while it was sitting there like a toad. Tough way to make a buck.

I still like the idea of picking turtles out of the crowd, and using options to make them exciting (and profitable). CAT was another one, for example. But lesson learned - use 3-month out options on turtles or, sell near-month PUTs instead of buying CALLs.

...just keep thinking about Juri and the INTC CALLs he bought when INTC was at 68 (^_^)

I'm still up in Oslo on biz-trip, Janko - and will be here for at least another week. I'll try to run a chart for you over the weekend, if I can get the connections all figured out.

BTW, what are your thoughts ?

-Steve
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