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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: horsegirl48 who wrote (36716)	6/4/2002 12:47:01 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

I have no idea what type of account she has or her experience but if she would settle for a $20 exit, I would have her sell calls short at that strike to at least add a little to her bottom line but it does take some experience and know how to roll up and down depending on what it does from here on out. She can get .65 right now for June 20s and 1.65 for July strikes. If it climbs up to over 20 by July, she could always roll up if it is quite a bit higher or if enough time has passed to roll up and out to August strikes. It is tough to give advise though without knowing her and what her experience at this is. NASDAQ falling, have to go. Good Luck, Lee

To: horsegirl48 who wrote (36716)	6/4/2002 12:50:47 PM
From: Robert Graham	Respond to of 52237

"Bite the bullet" and sell. Why do people assume the price will go up when it has already substantially dropped on them? They are making the same value judgements that placed them into this trouble in the first place. It is time to sell and move on. I hope this helps. :-) Bob Graham

To: horsegirl48 who wrote (36716)	6/4/2002 1:09:29 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 52237

The question to ask her is if she had $16 today would she invest it in TYC or some other stock. IMO its better to sell now than have this same discussion @ 8. TYC is having its dead cat bounce now. Once it breaks 15 its single digits. Hindsight she should have sold when it broke $42 or $26. She's just compounding the mistake by holding on now. Its not going to see $26 anytime soon yet there are plenty of companies that may double once we have this market vomitt. Look to storage. Tell her to try and buy emlx @ $12 (doubtful it breaks $18 but in a bear market uncommon values arise)