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

To: stomper who wrote (19833)	10/25/2000 10:43:27 PM
From: josh tanner	Respond to of 49816

I nibbled on the pmcs calls, nov170's at 13. Nursing may not be the word for it...Is there a doctor in the house? JT

To: stomper who wrote (19833)	10/25/2000 10:45:56 PM
From: stan s.	Respond to of 49816

you're right Dave and it's a good point. the volatility makes trading possible. I think there's a hesitancy to announce short positions (there is on my part) but I think that will change in time as we realize it's now a fundamental part of the game. moves of the major downdrafts on the naz have pretty much announced by the charts...we simply have to become indifferent to the direction (try not to show a preference mentally) and play accordingly. it's a different mindset, easy to do now and then but difficult to find the discipline on a regular basis.

To: stomper who wrote (19833)	10/25/2000 10:49:29 PM
From: Mike E.	Read Replies (1) \| Respond to of 49816

Right on and well said, Dave. Time for you to start posting more! <ggg> I see GLW is coming out with a "follow on" offering by the fact that E*Trade is taking indications of interest for it. Corning Goldman Sachs & Co. J.P. Morgan & Co. Banc of America Securities LLC Salomon Smith Barney Wit SoundView Chase H & Q IMPORTANT DETAILS: Company Description: "Corning, Inc. develops telecommunications, advanced materials, and information display products." About the Offering: Offering Type: Follow-on Security Type: Class A Common Stock Offering Size: 30,000,000 Shares Price Range: TBD Proposed Symbol: GLW When do your calls expire? Mike

To: stomper who wrote (19833)	10/25/2000 11:39:48 PM
From: JLS	Read Replies (1) \| Respond to of 49816

Dave, I would like to begin educating myself about options. Can you suggest some material? Thanks, Julie

To: stomper who wrote (19833)	10/26/2000 12:05:49 AM
From: Ian McGuire	Read Replies (2) \| Respond to of 49816

evening dave... couldn't agree more with your comments regarding the volatility; i am equally as grateful for this volume - i shudder to think of the mess we would be in should it dry up...i share stan's feelings concerning posting shorts however, as i find it disconcerting to see friends stuck in bad positions(except ernst and charlie of course<g>) but you really do have to hit the pitch they throw at you.....ian

To: stomper who wrote (19833)	10/26/2000 12:23:58 AM
From: jjetstream	Read Replies (2) \| Respond to of 49816

Dave.... Great point..we must have volitility to trade....short or long....I have found myself trading options for the last 3 months and found that the cash outlay is much easier to stomach....than buying the common...as for the dark side of shorting (via puts)....that has kept me in the game thru this earnings season....it's hard to post much in re: to puting a stock that most you follow are trying to grind out long....but this strategy must, and I mean must, be adapted in this environment.....going short, whether stock or option, is a method of survival for those that trade for a living... Thanx for breaking the ice with this subject....a little bearishness now and then can save, and even, earn you a bunch of $$$$$....<steven>