Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: mike machi who wrote (10444)	2/24/1999 11:30:00 AM
From: Sili Investor	Read Replies (2) of 37507

Mike, hang in there. If you really were thinking of taking profits what you might want to consider is selling options. That way, you take profits right now and still have a chance to take more. I, for one, have sold some July 8. Give's me a 50% profit at current values, although bought them for much less. Mind you, I am not willing to sell all my shares at that price but I figure there's no use in being too greedy. Options provides a great way to minimize the risk on the downside (cause you take money off the table right now) while still allowing yourself to make money on the other side. You;d also be very surprised at how relaxed you feel knowing you can take almost 25% off the table right away while still allowing for a 25% gain. Not bad money really. That's my thinking at this point.

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