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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (5776)	8/12/1998 10:57:00 PM
From: flashy	Read Replies (1) of 34811

Can we talk alittle about options... I know you mentioned that you normally don't like to actually short stock, but would rather play with options and you always enter IN THE MONEY. I'm still a bit weak on these, so tell me if this is the right process you would go through... Looking at QCOM and the current overall market, I thought this might be a quick SHORT trade. It just switched to a sell signal. RS showing Sell in a column of "O's". And the sector is BEAR CONFIRMED. SOOOOOOOO I then looked at the PUTS. Sept 55's are currently at $3.00. Would this be where you would enter?? I am assuming I am "BUYING" a put. (Working on the lingo!) Looking for words of advice. ME - CLPP

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