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Strategies & Market Trends : Giant LEAPs...
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To: Rick C. who wrote (37)3/15/1997 11:02:00 AM
From: William H Huebl   of 315
 
Hi Rick,

From a TA standpoint, even though COMS has given a series of buy signals, I would hold back on any impulse to go long in calls yet... it would be nice if we could pick the tops and bottoms, but if we could we wouldn't be buying leaps.

I don't know if AMD has LEAPS, but that would be a better buy at 40 (if it gets back there) in my mind than COMS.

The same is true of AOL now at 40... again, if it gets back there.

I know the biggest mistakes I have made are trying to pick turn-around points... YOU JUST CAN'T DO IT RELIABLY. So climb aboard a trend in progress and make money there.

Have a BUD for example.

Regards,

Bill
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