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Pastimes : Play It On Paper- Clappy's Newbie Option Thread -- Ignore unavailable to you. Want to Upgrade?


To: Clappy who wrote (62)7/25/2000 4:57:59 PM
From: Dealer  Respond to of 176
 
Clappy,

That was the original intention.....or hope....should I say.

I should have gone for the paper cuts..............maybe!

luv,
dealie



To: Clappy who wrote (62)7/25/2000 6:11:11 PM
From: Book Bag  Read Replies (1) | Respond to of 176
 
An interesting note from Greg M on his Home on the Range thread re shorting (also applies to buying puts).......

"Shorting is for pro's only. If you are going to do it, look for a reason other than the market is going down, like missed earnings, failed products, or bad management.. If you can find a stock that has some of the above problems, and the market is in bad shape, then is time to enter into one.

Remember shorts are not investments, they are trades. If one is not an effective trader on the long side, then one should never even think about shorting.

I like to see a trend before I short. Right now, I'm not short anything."

Hope you paper traded out of your JNPR puts today and kept those profits.

BB



To: Clappy who wrote (62)7/26/2000 7:09:02 PM
From: Dealer  Respond to of 176
 
Hi Clappy!

Well all the Hell-a-baa-lou about JSDU and the S&P did not change a thing as to my bottom line today. My option closed the same as yesterday at 9 3/8. However there is one ray of sunshine...the bid is now at 10 1/4 which would change my bottom line 875.00 (10 contracts of Sept 150)

"The sun will come up tomorrow!"
"Bet ya bottom dollar that tomorrow!"
etc.....etc......

love,
dealie@I'mGonnaComeBack.com