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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (10120)	8/3/2001 5:16:00 AM
From: Jurgen Trautmann	Read Replies (1) \| Respond to of 11051

"I rooting for AA to be right on this e-wave call" Sorry, Berney, but sometimes it's not enough if I know every single word - I just can't understand what this means? re. this GE-chart: good, that looks perfect! Guess one needs hours for painting such an artifact. (people like me prefer to burn some giants ($ 1000?) instead drawing lots of lines ng ng ng) But honest: We had yesterday a deep at 42 and two days before a high of 46.8 (more or less), both were by far outside this wedge, even yesterdays close - to the downside. Guess the recent wedge shoud lead to the mid 20th?! You see, I didn't understand this theory, maybe you can "take me by the hand and lead me through the streets of London" :) BTW, cloudy day in Zeeland, that remembers me that we live near by umbrella-town. No, no, no - the likelyhood of the weekly support at ~38 increases day by day. This is a typical scenario where I hate to use options - once in and out and you've lost 20-30%. I wouldn't hesitate to throw away GE-stocks at this moment, but selling for a 10%-move of the underlying is hard with options far below the money. BTW - this last-moment-optimism yesterday teached me that also for short-trading options are not the right tool. I would have stood (or stout? ggg) a qqq at 44 but what can happen after hours? Fact is, ME cannot handle my options after hours. OK, now I have my new account with Interactive Brokers, they serve ALL ecns and ALL options-exchanges (in US, and most of them worldwide!), in a few days my account should be funded and then let's see... Here my painful yesterdays moves for the laughing public: S ADVANCED MICRO DEVCS INC 19.6900 B ADVANCED MICRO DEVCS INC 19.4500 S PUTS NASDAQ 100 TR SER 1 $41 EXP 09/22/01 1.7000 S CALLS NASDAQ 100 TR SER 1 $43 EXP 09/22/01 2.8500 B CALLS NASDAQ 100 TR SER 1 $43 EXP 09/22/01 3.1000 B CALLS NASDAQ 100 TR SER 1 $43 EXP 09/22/01 3.2000 S CALLS SUN MICROSYSTEMS $35 EXP 01/18/03 1 1/4 Like you mentioned correcly, Berney, I was short - therefor the questionmark-triangle ggg. I could cover my poooots at the best point, taking 1 dscf (dog-shit-cleaning-fee) - so far the good news. But then I widened my short calls to 40 c's (see below) and had to cover in this last-minutes-run, taking in average 30 cents - that has hurt. Finally a comment to the comparison of long poooots and short calllllz: I bought both positions together. After a (by far too short) while moving in the "right" direction the call would have brought 5% win while the put still was flat! In the darkest night the call stood at 10% loss and the put at 16%. When I covered the puts, they still showed 6% loss while the call was flat (!!! - typical example for missed chances :). Under the line: looks like it could be a good idea to write calls instead buying pooots. Of course, that was too few for stating big theories, just a hint. Final comment to yesterdays hype: sick. This Intel-statement (BTW: this NW-Pentiast had a stick with between his teeth like me - but with an "AMD"-print) - brough exactly 0 (zero) new information. The msft-news were all but good. The numbers were poor. The sox-comments had no single new fact that could have motivated. Guess, they do something in the water in US. (could any send me a bottle, please? "I want exactly the same drink these US-investors there have got before!") Happy swamp-bathing! Jury