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To: Poet who wrote (6762)4/20/2000 3:43:00 PM
From: Poet  Read Replies (2) | Respond to of 8096
 
I'm confessing to a daytrade:

I bought QCOM April 107 1/2s at lunchtime when QCOM was 108 1/2. Just sold them for a point. It was scary, but I was willing to buy the shares if the trade didn't go my way.



To: Poet who wrote (6762)4/20/2000 7:31:00 PM
From: Jill  Read Replies (2) | Respond to of 8096
 
ELON is really down--I believe it went down as low as 27, earnings good, calls are paying about 20% or more (May). So on Monday you could buy ELON and sell ATM 30's--or maybe 35s, depending on what it does. I wonder if it could go down even further from here, it seems to have really bottomed. I'm going to look at chart over the weekend and really study it a bit more. But that's a very high percentage for a month's time. It seemed risk at 60 but at 30...


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