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

To: Poet who wrote (2871)	2/13/2000 3:56:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 8096

Hi Poet, I hear that you are an expert at trading options. Do you think you could teach someone like me? <g> JXM

To: Poet who wrote (2871)	2/13/2000 4:00:00 PM
From: uel_Dave	Respond to of 8096

Thanks for the feedback Poet. This will be my second option play. The first was GMST calls; Aug. 85s. With the help of the thread and some TA, I picked up 50 contracts ( small compared to most on thread, but it is only my first ) at $7.5 at different times during the dips under $65 common price. I only wanted to buy a few, but I got the feel of the support level at $62 for GMST and August, there is still two more earning report and the TV Guide deal to be complete. Now, I need to think in reverse for the CCs, I will study the resistance points and what could break it to take my QCOM shares away. I will let you know how it works, however it only matters when you sell, although in this case, when you buy or let expire. Good point on the pre-set order. Right, selling to open, so that I do not buy the calls :-) David