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To: Lost to Voodoo who wrote (9230)1/22/2001 12:27:48 PM
From: hobo  Read Replies (1) | Respond to of 10876
 
friday doubled my short call on Orcl -- today closed 1/2 position again at a profit. now i sold puts creating a short strangle (some call it short straddle)

depending of which way it will go, i will cover one side and double on the other...

i am doing this based on the idea that ORCL will be trading in a range between 29 to 35 (roughly) i will have to watch any break away from this range.



To: Lost to Voodoo who wrote (9230)1/22/2001 5:30:37 PM
From: Poet  Read Replies (2) | Respond to of 10876
 
Thanks Vood,

The market just churned today, very boring. We seem to be at a turning point (and I'd venture to say the move may be a lower one) but hope still appears to spring eternal with regard to the Fed saving the market through further rate cuts. It's watch and wait for me.


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