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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (28873)	9/27/2001 11:36:00 AM
From: Zakrosian	Respond to of 30051

Thanks - Based on your predictions for MU, I've actually made some decent trades in long-term options. I bought the puts waaay too early (for months they were worthless), but eventually was able to sell them for a nice 400% gain. Now maybe I can be as successful playing it the other way. The Jan04/70 LEAPS are well under a dollar. If Scenario II plays out, it could be a very profitable investment. If I recall, you're expecting a December retest of its lows, so would that be the best time to establish a position?