From the Trading Desk Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : From the Trading Desk

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fast Eddie who wrote (4329)	3/10/1999 11:07:00 PM
From: Nazbuster	Read Replies (1) of 4969

Fast Eddie... Thanks! I'm an Options Novice, usually wrong, but I like them once in awhile. I don't usually use them as investment vehicles, because there is usually too much premium built in. My best options trade was when I was long Ascend Communications (ASND) at 59 when it had a bad earnings quarter without pre-warning. I hadn't heard the phrase, "Catch a falling knife," so I started buying on the way down: 43, 41, 37, 33. When it hit 22 1/2, I was out of money, but still knew ASND was a solid company with one bad quarter so I sold 400 shares (of my 1000) at a loss and used the funds to buy Leaps at a strike price of 30. I sold them when ASND rose to 49! How was I supposed to know it would hit the 70's and 80's?????? Anyway, it turned out great.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next