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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (51348)	9/6/2000 10:08:22 PM
From: Rich1	Respond to of 63513

When he says we have a high its time to exit your trading stocks and or sell calls on them. When he say we have a low its time ot buy the calls back and or reenter the market. Unfortunatley I had thought the high would be higher than last Fridays and thought we would run up through today and then work lower between now and next Monday so I stayed in the market and didn't sell calls. The last three months I have sold calls on my JDSU shares around $5 and bought them back around $1.50. So those trades netted me around 10K as each time I sold 10 calls. This time when I received his email I thought we would have till the 7th to work higher and we didn't. Hope that explains it to you.