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

To: Poet who wrote (5320)	9/21/2000 5:30:21 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 10876

Cash. I'm in cash. Funny story...I have a buddy in California and he shorted NEWP this morning at 165 3/4 and then forgot about it. Saw it at 171 at the close, remembered he was short, and freaked out. Called me on the phone an hour after the market closed to get an opinion before he took the hit. I was not watching the market this afternoon and did not know that INTC warned, but we are on the phone and I am talking to him about the trade and all of a sudden NEWP starts tanking in the aftermarket, and he covers for a two point gain. So he says, "Thanks, I'm glad I called you." <G> That's about as close to a happy story as I can get right now. Lemme look at some charts and see if I can read this move. Back in a few...