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To: martin001 who wrote (48951)3/12/2001 8:59:34 PM
From: Kanetsu  Respond to of 57584
 
Still holding half, I have the April 35 Puts, got out of 1/4 of my position at 4, and another 1/4 at 5 today. I've been short off on and for a while, (profit often hasn't exactly been the greatest strategy for a short seller) but I use options when my conviction is strongest, bought those at 2.

YHOO and HOMS were my other no-brainers, bought YHOO April 35 calls at 2, now at 18 1/2, but only have one quarter of my position left, always peel them off as they go up. Shorted HOMS at 36, the 52 week low is 14, they might test it.

Today I shorted KLAC and FCEL. KLAC has held up real well these last few days, and they are not outrageously priced, but it got as low as 32 a few days ago, so it may be fragile. Chart shows descending tops. Won't hold this one long either way. FCEL has an ugly chart and bad fundies, may hold that one. ASTCAAMN
Kanetsu