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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread -- Ignore unavailable to you. Want to Upgrade?


To: TraderWithNoName who wrote (3153)6/8/2002 9:20:32 AM
From: Dominick  Read Replies (1) | Respond to of 4058
 
How would you like to buy 1000 shrs PSFT at 36, watch it close at 37.36 on strong volume and wide spread, which would indicate a gap up the next day only to watch it open 12 points down. Now THAT is the Titanic!

After I knocked off a couple of old ladies hanging on to some debris in the water, I averaged it down to 25 then wrote a bunch of July 25 calls. I am now floating in the Atlantic waiting for rescue.

Hope a ship comes a along.