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Strategies & Market Trends : Tech Stock Options

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To: Thom who wrote (234)3/7/1996 2:48:00 PM
From: Judy   of 58727
 
A couple of thoughts ...

That you "have next to NO money involved" ... says to me that the person making the most money is your broker. Are you using a discount broker or something like etrade where the commission for options is $29? (I may switch there myself, and they offer real-time quotes for an additional fee.)

That you "wish they would've at least spread out their timing" ... is unlikely since semis, computers, and OS/ utility software are all tied together and they'll be out of favor for a quarter or so. I said in one of my old posts "Time is the natural enemy of option buyers." I really do mean it and it wasn't just a catchy line. Take OAKT for example...my timing was awful! I was watching both CUBE and OAKT and when they both broke thru their resistence levels, I put my money on OAKT because I was a day late on CUBE. Well, CUBE continued up, and OAKT tanked. Unless OAKT does a dead-cat bounce next week, the game's over. But it will probably bounce back in a month or two. All a matter of timing, luck and knowledge. Need two of the three to win.

As for "languish" I was referring to IDTI's price and not the company itself. Look at EMC ... its price has languished for two years.

Take care.
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