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Strategies & Market Trends : Point and Figure Charting

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To: The Perfect Hedge who wrote (1418)	3/4/1998 10:52:00 PM
From: lobster	Read Replies (2) of 34811

Beebles, I share your pain with INTC, I bought some July 75 calls two days ago(Ouch!!!) If you follow Tom Dorsey's rule of thumb on buying options, you only buy in the money options. If instanet trading on INTC holds true, my deep in the money options will be out of the money. Jan, Remember the stop loss of 82 that I was using for my options. The coach has changed the plan and will now use the premium as the stop loss. What the hey, worst case, this will help offset some taxes from gains that will be made later. If the after hours trading follows through in the market tomorrow, do you think that the sector will reverse. I hope the negative trend will help my NA puts. Later, Lobster

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