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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Ravelson who wrote (513)	1/2/2000 4:06:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

Bruce, I hope somebody else can respond on NOK. I don't follow it at all, so have no idea what to expect for it. Glad you're reading LEAPS. Happy New Years! Jill

To: Bruce Ravelson who wrote (513)	1/2/2000 5:21:00 PM
From: cthruu	Read Replies (1) \| Respond to of 8096

What strike price options you are holding? NOK is now in an extended 3rd wave. Immediate target for NOK is around 217, which is measurement for reverse H&S breakout. If the current wave continues, target is around 243. I'd take some profits at 217 area. Follow your options with trailing stops for NOK. If you decide to sell, buy more OTM calls when the trend resumes. This trade will protect your initial investment, current profits and increase your profits because you will now have more calls. Regards: GP