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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: arthur pritchard who wrote (134876)	6/28/1999 8:52:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

O T or not depending upon if you are interested in options I made a ton on options at the beginning of the year and now have lost it all. People's advice to me was: Hold options until they almost expire Buy only short term options -a couple of weeks before expiration Buy only when the market is down Sell and take profits, dont wait Being stubborn I decided to hold until almost expiration: that worked fine when the market was going up in Jan and early Feb. Then it began to backtrack on me. I began to lose gains. In April I had another window of opportunity to take good profits...not quite as good as early Feb but good...I chose to hold. Now I've lost it all.(not my whole account: "just" all my options, except for a few leaps and even they could have been sold at a double and bought back for pennies on the dollar) Now I think: sell covered calls but sell them when the stock is doing ridiculously well unless a. you have a margin call or b. you dont care if the stock is called away. Sell puts but get out if the stock begins to go against you or immediately get out of margin to hold the puts if you really like them. TAKE PROFITS TAKE PROFITS TAKE PROFITS. It doesnt matter what you think about market movement, take them anyway, there will always be another time to buy. Remember that holding cash is fine, even if the market decides to go up...it will only be for a while and it will sure as day breaks come back down again. Cash is amazing in its staying power. remember unlike stocks, options expire: you may NOT have time to get gains back.... :o( Freeus