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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Nanda who wrote (12898)9/19/1998 4:41:00 PM
From: paul e thomas  Read Replies (2) of 13949
 
NANDA, Option Friday expired with another disastrous month. I am still holding 124 October to January calls mostly on IMRS.After being up 100K$ a few montha ago On closed positions I am now down 50K$.On my stock trades
I have closed out. I am ahead 220K$. On my active portfolio my stock gains nearly offset my open option losses. I fortunately also have a significant cushion in Caldwell and Orkin Market opportunity fund which shorts 40% of the money invested. This fund is up over 20% year to date. While I continue to make mistakes in option trading I did a much better job of closing out losing positions than I did in previous months. I also feel more comfortable about feeling the pulse of IMRS trading.I remain convinced that IMRS is a difficult stock to trade as The MM move the price very often quite significantly on very little volume.
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