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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (42034)	2/5/2001 3:37:19 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

I am not really bullish on NTAP since it has broken extremely important support. I only did the trade because the premiums were huge. Had I been able to get better fills, the volatility on it was 135 so I should have been able to book almost 12% on the calls. The dang pit was being tough today though so I had to settle for less. I am not playing anything naked since I am bearish and Don, Hahn and most others are more bullish short term. When outnumbered, play defence and fight dirty. <ggg> I have to go back to work tomorrow so I wanted a trade that would basically fly on autopilot. I can ride a drop down to around 36 and don't have to cover until it gets up around 50 short term or 46 a few weeks out. Good Luck, Lee