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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (114571)	10/4/2000 1:18:26 AM
From: Jenna	Read Replies (2) \| Respond to of 120523

Puts.. I wish I could trade puts that well and hold for weeks but I don't yet. 1-3 days is enough for me and the puts are in the money. There are too many 'bear flag rallies' to buy puts and not get knocked about. There are too many traders saying they will short or buy puts for weeks and then they get stopped out the trade and you don't hear from them after that. Of course if the stock is up 7 and then down 20, you hear from them forgetting they more than likely got stopped out at the first phase. That is why 'super success stories' of traders are for the most part unbelievable and I like small, manageable 1-3 day holds in puts and/or calls. You can always repeat the success by re-shorting AFTER a bear flag rally, but I am extremely skeptical of traders claiming 'week or more longs or shorts' in the tech sector.. with bull and bear flag rallies in the middle. They are more fabrications than actual trades so don't think you are missing out. Calls options are also good through earnings (only did 3 so far last month) and very very lucrative and you don't have to worry about decay if you are holding 1 or 2 days. Puts were the way to go last earnings season but I suspect that stocks are getting so low now that call options for stocks such as SEBL, TLAB, FLSH, ATML, PHA, EXAR, SNDK etc.. might be the way to fly. About the updates, we are speaking with a couple but its still not certain who or when so I will PM you.