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

To: Seldom_Blue who wrote (7015)	4/28/2000 1:14:00 AM
From: Jill	Respond to of 8096

Yes, and this particularly seems true with options. I have a new rule that's a bit hard to implement, but it's "take profits on calls." So like mtnlady, when those NTAP calls more than doubled the other day, I sold them. (Though I kept my Juen adn Sept 55's--hoping either for further runup or excercise.) Because I'd let a 10 bagger in NTAP calls turn to basically nothing (still have those original calls and they're slowly recoveirng.) Calls,e ven a few months out, should be for trading--I guess! <g> I still am a little uncertain on that. But the same thing proved true with QCOM--huge unthinkable profits on calls--and whatever I held past the split became worth so much less, especially when exerised! I think GMST is an unusual circ tho.

To: Seldom_Blue who wrote (7015)	4/28/2000 7:45:00 AM
From: edamo	Read Replies (1) \| Respond to of 8096

sb..."always afraid if i sell, i'd miss a run" repeat my comment on typical investor? psychology... "more afraid of loss of opportunity, then loss of accrued wealth" opportunity always presents itself....strong profit in "speculative issues" are fleeting... what did you like about gmst....the fact that it is a small cap?, sales of under 200m?, 200 employees? or the perception that its momentum as being hyped on these boards would never end? stay with quality and protection of large cap high liquidity....