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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (50705)	3/10/2000 1:06:00 AM
From: Land_Lubber	Respond to of 53903

Zeev, I definitely sold too soon today, another 20 minutes would have given me an easy double, instead of just 50%. I've been burned so often lately, I didn't want to risk backsliding when my back was turned, so I locked-in what profits I had at that time. I have a big plan for tomorrow! I want to start early with a bear put spread: buy April 90, sell April 85. I believe I can land it for a net debit of $1.50. Later, if MU really shoots up, I will try to close the short leg as close to the peak as possible. Then next week, when MU bottoms before expiry, I will try to sell the March 90 puts to bag whatever time value they have before what I expect to be a worthless expiry next Friday. Land_Lubber