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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: Jan Crawley who wrote (4877)1/17/2001 11:55:45 AM
From: craig crawford  Read Replies (1) | Respond to of 57684
 
I didn't expect any profits on my yhoo calls so I am happy even though I didn't get a double out of them.

>> However, I sold Sunw and a few shares of Csco this morning; so I am out. <<

Nothing wrong with taking a profit. Yeah, CSCO is acting kind of doggish. If SUNW can close above 33 today (preferably 34) it will have broken out. I would be inclined to add even more SUNW, not sell. But it has to hold up all day first!

I need to sell something else, as I'm running out of time and my calls are highly susceptible to market swings. I really want to get 35 out of ORCL but I'm not sure I will get it today. AMAT has some big resistance around 50 and it's at 49 so I think I will be selling that today. I guess I'm greedy and just want that extra little push toward the end of the day to sell into.

My conviction tells me the market is going higher so I want to stay heavily long for the next couple of days, but discipline dictates that I have to sell something while the gettin is good.

Bulls make money, bears make money, pigs get slaughtered!