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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (22351)	7/25/2000 7:57:57 PM
From: Sector Investor	Respond to of 42804

<<Unfortunately, I scaled out of the whole lot on the way up, never dreaming of 80 post-split with a full 3 months to go until expiration. Such is the way of options trading.>> It was a winning move, right? So don't look back. Trying to maximize gains consistently is impossible to do. I seldom get bottoms or peaks exactly (I missed the march one by 40 points) but even being close is a winning strategy. And, in my experience it is best to be out of the options well before the final weeks. When I have lost on options in the past, it has always been on current month ones, but I have a very good success ratio when I buy longer term ones and sell them in mid stream somewhere.