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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: coachbobknight who wrote (115853)10/31/2000 4:04:57 PM
From: Jenna  Respond to of 120523
 
LUMN expected to be a red hot IPO.. even so tomorrow is still another day of 'anticipation'... I might not have held if earnings were out today, but a call option you have more 'guts' to hold.



To: coachbobknight who wrote (115853)10/31/2000 4:08:11 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
MRVC.. LUMN expected to be a red hot IPO.. even so tomorrow is still another day of 'anticipation'... I might not have held if earnings were out today, but a call option you have more 'guts' to hold. Most people wasted the great downside in the past few weeks, chasing falling knives, but a few well placed stocks set the pace including VZ, and ALA and yesterday's breakout of LLTC, VTSS, etc.

Although I am holding a few puts, and sold the blimp option calls, I don't know what tomorrow will bring, but to go home completely empty handed is not the way either. You should be selective 'holding one or two calls' and maybe one put on those 'short bait stocks' .. but if you wait for a gap up to get in long or gap down to short, the beef is lost.