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


To: tekboy who wrote (126)5/10/2000 1:36:00 PM
From: Poet  Read Replies (2) | Respond to of 10876
 
I'm gonna escort you to the woodshed by your ear, young man!!! (How's that for discipline? <ggg>)

I'm aware of your love-hate relationship with GMST, but why CTXS right now? It broke through major support at $40 this morning. (Not that a chart ever stopped me from doing something stupid. I bought CSCO calls yesterday....)

PS: It took me a minute to figure out your sign-off

"tekboy@willheneverlearn????.com"

I read it as "will hen ever learn?" <g>



To: tekboy who wrote (126)5/10/2000 3:39:00 PM
From: Poet  Read Replies (1) | Respond to of 10876
 
Ummmmm, can I take back what I said about CTXS?

Poet@tekboyismynewguru.com



To: tekboy who wrote (126)5/31/2000 12:27:00 AM
From: tekboy  Read Replies (2) | Respond to of 10876
 
STOP THE PRESSES!

shocking news...first known sighting...an options trade that actually worked!

xsqlh, CTXS Dec 40 calls...
bought 5/10 for 12 3/4
sold 5/30 for 17 1/2

pre-tax gain: 37%
post-tax gain: oh, call it 20%

yes, I guess it can be done... :0)

P, should have listened to you and sold the day of the Fed meeting and made even more, but even that was a good lesson on sell discipline...

of course, one reason I closed it out now was to raise cash to buy some 03 Q LEAPS on the dip, which promptly ran away from my limit order, but such is life...

tekboy@wait,somethingIdidmademoney?gottabeamistake.com