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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Nanda who wrote (13694)2/3/1999 5:13:00 PM
From: paul e thomas  Read Replies (1) of 13949
 
NANDA, I am beginning to breath easier now that IMRS climbed back to 27 1/2. Hopefully my decision to buy options preferentially rather than shares of IMRS as the price fell on the 25th will pay off.As of todays close I am a little bit above breakeven on the options I have purchased as I sold off shares on the way down.IMRSwill have to close above 28 1/2 on option Friday for me to gain from my present position. I am rather optimistic this will happen as there is 1.50$ open gap to fill yet. Secondly I continue to believe the Analyst conference will provide an important basis for further strength in Institutional buying.I wimped out today in day trading 600 shares by taking profits much too early in the afternoon. My focus has to shift to making decisions on when to sell the 165 February call contracts I now hold.I am only holding 1500 shares for short term trading.I wasted time and attention today by trying to day trade MIFGY.
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