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

To: freeus who wrote (3938)	2/29/2000 5:51:00 PM
From: PAL	Read Replies (2) \| Respond to of 8096

Freeus: remember that we sell puts when the stock is oversold. right now jdsu is the opposite. although jdsu at 263 might be cheap 6 months from now, however, based on today's trade it is overbought. so i would wait until there is a pull abck before selling more. take the analogy of shooting moving ducks in a county fair. you pay a dollar for the 3 chances to shoot a duck with the red dot. if you aim at that duck and keep moving your rifle chasing that duck, you'll not hit the target. leave the gun stationary, and wait the duck with the red dot to come to you, then shoot. same thing with committing to stock. (i believe i read this on option investor). good luck. paul