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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: WaveSeeker who wrote (61900)	9/18/1999 4:28:00 PM
From: lee kramer	Respond to of 120523

WaveSeeker: Re your buy of NITE with OCT 27 1/2 puts; "great minds, or idiots, think alike." I caution anyone else who bot NITE on Friday that my play (buying the stock at 26 3/8) was prompted solely because I have the protection of puts. NITE is not in a clearly defined uptrend, not a stock I would buy without the "put" hedge. The buy was for a quick trade, the buy point a guess on the assumption that a lot of stops would be hit at 28 and below. I think I just got lucky, picking it off where I did. (Lee)