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Technology Stocks : How high will Microsoft fly?
MSFT 485.49+1.8%Nov 26 3:59 PM EST

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To: taxman who wrote (22725)5/15/1999 4:13:00 PM
From: t2  Read Replies (2) of 74651
 
i play options and use the reverse--i lose most of the time but hope that my winners more than make up for all the losses. so far, that has been the case

That is what used to happen to me when i traded options (calls)regularly. I would wait and wait before selling trying for bigger and bigger gains on cheap options.
After that I would buy stocks--and the stocks would go down. Sell the stocks for in the money calls---if they went down--sell and buy in the way out of the money calls. In a bull market, you could make a fortune this way. I would lose more times but the ones I won were incredible. It was like buying on the dips.

My recent stock trading has been so-so. Win some and lose a little more with no real stress on me. That is what i like about stock trading. I finally went fully invested on Friday--had been staying with at least 30% cash. Not much room for trading anymore. I had a little bit in options -Dell, AT&T, Media one and some leaps on MSFT-----all in the money. I have not bought out of the money calls for a while as the opportunities for out of the money call options are not present in the market IMHO. MSFT below 75 might be the first opportunity in a few months.
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