Electro Scientific??? Message Board

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Technology Stocks : Electro Scientific???

ESIO 29.99

0.0%

Feb 1 4:00 PM EST

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To: Mark Oliver who wrote (480)	10/22/1998 12:22:00 PM
From: Ian@SI	of 723

Mark, Good to see you making some money in this market. My point on the options: 1. They're time limited. If the market falls again, there may not be enough time to regain your paper profits. On the 15s, their value will drop $ for $ with the underlying's price. On the 20's, it'll be a little less. Same observation is true on the upside. My suggestion was to consider locking in your profit on the 15s. If you still see significant upside in the short term (March, 99), then you could probably buy Mar 22.50s or Mar 25s with a small %age of your profits, and be able to participate in most of the upside. If the market fall, you lose your premium on the new options but keep the gain. If ESIO rises substantially, you'll get most of the gain that would have been yours with the 15s. Making money in the options market is extremely difficult for an individual investor. We seldom have access to the inside information used by other players. Thus I believe that a bird in the hand is worth ... FWIW, Good luck, Ian.

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