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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Pamina who wrote (2459)	10/3/1999 6:47:00 AM
From: NAGINDAS J.O.PATTNI	Respond to of 34857

there's a very simple strategy:sell some puts strike 75 or 70 expiring jan 2001,if you'll be putted you'll have found an entry point below $70,if you'll see the puts expiring worthless you'll have made some money. surely selling put involve risk,but i bought nok in 96 at 8 us$ then selling 1 year in the money puts i have made 29$ up to now,so my cost is _ 21 $ . thanks nok yours nagin

To: Pamina who wrote (2459)	10/4/1999 12:51:00 PM
From: Mephisto	Read Replies (1) \| Respond to of 34857

Dear Pamina, I don't try to time the market. Actually, I may watch a stock for a while to see how well it holds up in a down market. When I finally buy, Company A, I buy 1/2 of what I want. If it goes down, I may buy more. If it goes up I may buy more. But by that time I have a general idea about the quality of management and the company's products. And there's always the possibility that, I may sell my small position in company A and use that money to buy additional shares in a company that I already own. Or I might even invest in a new company. Mephisto