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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (37909)	3/31/1998 2:55:00 PM
From: donald sew	Read Replies (1) of 58727

Jerry, I'm not trying to fight the tape, since I was even trying to get in with a long position today if it did not pop at the open, and I simply dont chase if I dont get my price. Now that the market has been up more than 75 points for the day plus the premiums have increased, this is not the wisest time to get in. I am specifically talking about opening a new position on the call side, not talking about existing positions which are already profitable. Would you right now open a brand new call position on PFE right now with the DOW up 91 points and PFE up again today?? I wouldn't.

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