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Technology Stocks : LSI Corporation

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To: Duane L. Olson who wrote (16977)	2/10/1999 9:26:00 PM
From: DavidG	Read Replies (1) of 25814

Duane, Nothing complicated about what I did. I had a boat load of LSIDE calls that I have been buying down to 2 1/16. Just took some chips off the table at 3 today. No sense in getting greedy.<g> As far as how I am lucky enough to profit on SLB....by just buying calls. Started with SLBEJ's when SLB was in 40's and when it got up above 5 started looking for an exit to rollover. Then when SLB got to around 50 changed over to buying SLBEK's on any pullbacks. Look at the chart. SLB has been trading in a range between low 40's and low 50's since October. Also I just average down and then take chips off the table as it goes up. This trading method only works great when a stock varies a few points at a time each week and yet never goes anywhere over a longer time. Kind of the way a feel oils will be acting for the next 6 months to a year. It started off as just some trading fun but then I got into some serious money making.<g>. DavidG

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