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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (6946)	1/21/2000 4:32:00 PM
From: freeus	Read Replies (1) \| Respond to of 19374

What do you think re Q after this rather nothing-y close? To everyone: From a T.A. newbie and an options intermediate: I had sold puts for March for Visx strike price $75 and received $9 for them. At the time I thought I wouldnt mind getting the stock "put" to me in March if that's what happened. However Visx 's "story" changed: the lack of accountability for a competitor's theft of patents, the intense competition, the resultant lowering of fees and then the poor news from the CEO changed the rosy outlook to a murky one. Had I paid close attention to the charts I would have bought back my puts at a loss much earlier. askresearch.com (Hope that link works) You can see clearly that the stock has broken down. I did finally believe it and bought the puts back at a big loss ($30) and then the news got even worse and the stock broke down further... The point is: dont wait until "I have my buy price back" before you get out of a losing position: the money can be better used elsewhere and you may end up owning a losing position for a long long time. Freeus