Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (8556)	2/28/2002 4:53:17 PM
From: BSGrinder	Read Replies (3) \| Respond to of 36161

I sympathize with your quandary over when to sell profitable shorts. I have the same problem with puts. For example, a few weeks ago I sold a put on IBM for $800 (for a 300% profit) that is now worth $1,700. It always feels awful to leave so much on the table. But I have also watched huge profits dwindle to nothing because I wouldn't sell. I think the best solution for me has been to make a partial sale when I reach a point I can't resist (for me, it's a triple with puts) and then I can feel like I'm playing with the house's money. In reality, I'll bet the best solution is to have a methodology that defines a target sale price in advance, and then stick to it. Wishing us luck, /Kit By the way, I am curious about what names you short. I buy puts on mostly technology stocks, currently BRCD, ADP, IBM, MU, AMAT, and the semiconductor holders (SMH), and on shaky financials and accounting problems, such as JPM, COF, TYC, and KMP.