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Strategies & Market Trends : Dawg's Place -- Ignore unavailable to you. Want to Upgrade?

To: thebeach who wrote (1089)	7/12/1999 11:52:00 PM
From: Junkyardawg	Read Replies (2) \| Respond to of 2751

Man I am the greenest person in the world to ask about options. I am trading my options account on my brokers advice:-) Except for MCOM he begged me not to by puts on that one. I got lucky but I will take all the luck I can get. dawgy

To: thebeach who wrote (1089)	7/13/1999 12:20:00 AM
From: Samuel Wayne Turner	Respond to of 2751

You are jokeing arent you??? Assuming you are not jokeing, you sell. If you think nxtl scores big on the earnings and want to risk something on the outcome, then you sell at least enough of your options to recover you orginial investment and let the rest ride. I personally would take at least half my profit and might let the rest ride ONLY if I strongly felt that nxtl would surprise to the upside. You are holding a rapidly expiring assest, not a stock you can hold until it recovers. Many options players say you should routinely sell anytime you do 100% return on your money. Over the long haul they may well be right, of course, there are exceptions. Good Luck.