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

To: Poet who wrote (788)	1/7/2000 8:06:00 PM
From: Girish Patel	Read Replies (1) \| Respond to of 8096

I remember my first synthetic long on QCOM in Feb 98 at 40 strike when it gapped down 10 points. It ended quite profitably because Q ended up at around 65 in July and tanked right after the expiration day. That was my first introduction to synthetic plays when I was trying to learn options trading - I will never forget that. I have also lost money trading Q, YHOO, CMGI, NSOL, etc. and that is why I remember January and April 99. I have been trading options until last month, when I exercised some of my JDSU and QCOM calls for the first time in order to build up long term portfolio. I plan to exercise CMGI 200's (they will be 100's after split) and YHOO 300's this month. It is nice to have shares of Q, JDSU and CMGI in the portfolio purely out of OPM :-). I plan to buy others like VIGN, DISH, and some B2B'S in the same way over next few months. I am moving some of my trading capital into long term holds. In my opinion, options plays should be limited to about 20% of total capital. Of course, this opinion may change soon. Regards: GP

To: Poet who wrote (788)	1/7/2000 9:46:00 PM
From: PAL	Respond to of 8096

Hi Poet: about 75% of my portfolio is LTB&H of quality stocks. paul

To: Poet who wrote (788)	1/8/2000 8:46:00 PM
From: steve mamus	Read Replies (2) \| Respond to of 8096

Watch out for ICGE - lockout expires 1/31 with 201,000,000 shares released per Barrons - check out site www.ipolockup.com "The expirations change the dynamics of trading the stock...by dividing the number of shares to be released by the average daily volume, the number of days needed for the market to absorb the overhang can be calculated" The number of days for ICGE is 60 which seems high to me. Again, one does not know how many sellers there will be only the potential number of shares that can come to market. The absorption time for RHAT is 380.