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

To: Bruce Ravelson who wrote (524)	1/2/2000 8:12:00 PM
From: cthruu	Respond to of 8096

I would have sold them on blow off gap at 179-180 area on Dec 6, or on Dec 7 for sure. I would have bought back 150's when NOK made reversal and followed thru on 15/16th. That is when current options were bought. I use mental stops. If NOK gaps tomorrow, I will use that gap support. In any case, 10% trailing stop based upon stock price is almost $19: too far for options play. Everyone has different style and risk tolerance. I keep my stops tighter. If I am stopped out, I can always re-enter when the price goes back up through that level - or go on to another setup. Ragards: GP