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

To: RocketMan who wrote (6694)	4/19/2000 3:01:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 8096

Don't you hate it when you put in a bid on a thinly traded option, between the bid and the ask, and they not only don't fill it, but they move the b/a up and away from you? With no trades? Screw'em I am not paying more than my bid. LOL they just moved it up again, with no trades, and with the stock not doing anything. Here is an idea, I can keep moving up my bid, just under theirs, and when they won't move it up any more, I can short the call. I'm talking to myself to much. Better stop before I start answering myself.

To: RocketMan who wrote (6694)	4/19/2000 3:08:00 PM
From: Poet	Read Replies (1) \| Respond to of 8096

That's really cool! I got out of GMST a while ago. I just did not like the way it was trading, though the company looks intriguing. I'm hoping to hop in again when it gathers some momentum in the right direction.

To: RocketMan who wrote (6694)	4/19/2000 11:42:00 PM
From: surpow	Read Replies (3) \| Respond to of 8096

RM, Jill and Poet: RE: GMST. It better be, or my options are cooked <g>. Good job Jill getting out 1 month ago. If I had, I would have locked in a 200% gain on my Aug 75s and 95s, rather then currently facing a 80% loss. I really wanted to exercise them. Do you have any suggestions? I was thinking of taking the loss and just buying the common at these levels (a good step in getting me off the options needle). Or I could lose 2/3 of the contracts, but roll out to November and down to a strike of 60 or 65 and hope to exercise at that point. My current GMST position is made up of these calls (33%) and common (67%). tia, Noah