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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Murrey Walker who wrote (34792)	3/27/2001 5:58:38 PM
From: Jill	Respond to of 65232

Well, no, you wouldn't. Because you would wait for a double bottom test and then a change in trend upward. As for example, we will have to retest on the Naz again... Frankly I should've just sold all qcom options when the stock was at 200 on January 3....but hey hindsight etc...so let's say I didn't have perfect vision, and I held on...for a long time it "based" in the 125-145 range, I remember selling cc and buying them back several times, making good $...and expecting it to go into the 160s or higher right before earnings--which was when the Naz started to crack w/ the MSFT problems/trial as the first trigger...and Abby Cohen reducing stocks by 5% etc etc....anyway But when it wasin the 125-145 trading range for instance, I might've set a stop at 120...and if it broke that, (still a very generous stop), I'd wait for it to get back in the range and break 145 again before I considered re-entering. See? It kept trending down all the way to 50. As it was I had a bunch of shares exercised at 82 or so...I sold half at 100 and half at 60 something (can't even recall now) coming out even... I had sold a lot of the options for cash tho and reinvested in other options like JDSU, NTAP, etc...which did well until March UGHHHHH