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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: JimNewby who wrote (13004)8/13/1998 3:55:00 PM
From: Jenna  Read Replies (1) of 120523
 
OEWTF.. Index S&P's 100 puts (august 530's) back in again 6 7/8 sold 1/2 position of puts at 8 1/2 and holding the other 1/2 puts overnight just in case something goes down overnight.

CBIZ another of our earnings plays has been on a solid upswing for weeks now. I'm not bearish on the market at all, but this is going to be choppy for a while.. Way to go is with solid earnings stocks and hedge long positions with puts or shorting stocks like "CMGI, AOL, etc" Do not hold long positions too long and sell into strength. Do not hold earnings plays overnight, you will easily get a profit on the anticipation.
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