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Strategies & Market Trends : Tech Stock Options
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To: robin 187 who wrote (50128)8/18/1998 9:07:00 AM
From: Patrick Slevin  Read Replies (2) of 58727
 
<I'm thinking another mistake that I made yesterday was that I panicked and sold.>

Whether that's true or not you placed yourself under a lot of pressure. Think if the stock had not acted the way it did, you would have had some premium stripping and been more of a wreck emotionally.

I think you were playing the stock like the crowd would normally play it, as an emotion play, the old "it has to bounce at earnings" play. Which works at times and at times goes poof.

The smart play is to cut losses and in retrospect it's easy to say you panicked and closed out too soon. But if you think about it, the real problem was that you held too long.

Anyway, better luck next time.
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