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To: DM who wrote (2209)2/3/2000 8:06:00 PM
From: Poet  Respond to of 8096
 
DM,

As you know, I sold my CREE March calls when we were in the stratosphere today. I'll rebuy on the first down day we have, which should come soon, as the Naz has rallied for four days straight. CREE closed at 139, down from the 155 high, so I'll be looking to buy in the high 120's to low 130's. Its a great company with a bright future. I just think that momentum got the best of it today and it needs to rest.



To: DM who wrote (2209)2/3/2000 8:29:00 PM
From: Jimbo  Read Replies (1) | Respond to of 8096
 
DM - re sold a lot of puts with Feb expiration - did the same this month - busy today buying them back - will continue to do so tomorrow. Held onto my QQQ puts time decay and market really dropped the things in price. Will try to salvage something out of them next week.