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Technology Stocks : Micron Only Forum

MU 230.24

+2.5%

Nov 26 3:59 PM EST

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To: Skeeter Bug who wrote (40957)	11/19/1998 1:46:00 PM
From: DavidG	Read Replies (2) of 53903

Skeeter, When in doubt and you don't know who to believe than listen to the stock price. It accumulates all information, positive and negative, and then moves accordingly. If you don't like what it says then don't do anything...just stand back and watch until it begins to tell you what is consistent with your views. Of course if it never agrees with you...then...well then....maybe you are wrong.<g> In any event don't do anything b/c to do something against the trend will only cause you to lose more money. Options, calls and puts, are very risky b/c they don't always give you enough time to get ahead in case you guessed the wrong direction in a trade. What I have been doing with Oil options lately is trying to NOT hold on to them for more than a few days to a week. And as I make new trades I make sure the new options I buy are always 3 months out so they do not get a chance to expire worthless. The only times I bought options and held for a month or so is when MU was in the low 20's and I felt a long move up...but now with MU in a trading range with an upward bias it pays to treat an option like a lit match ...when holding it too long and you will get burned. Good Luck Trading DavidG

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