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Technology Stocks : How high will Microsoft fly?
MSFT 510.37+1.4%Nov 14 9:30 AM EST

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To: Richard Strutz who wrote (20794)4/20/1999 3:35:00 PM
From: Uncle Frank  Read Replies (2) of 74651
 
Richard, I've gone both ways:

I've held a profitable option too long and watched it expire worthless.

I've sold a profitable option too early, and missed big earnings upsides.

In review, I'd rather sell at a profit too early than hold too long and lose everything. My best advice is set a target and sell when you hit it, regardless of the time left on the option. Be very firm in this practice and you'll increase your odds of coming out ahead.

imho,
Frank
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