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To: SiouxPal who wrote (338)	11/22/2005 1:36:59 PM
From: manalagi	Read Replies (1) \| Respond to of 3961

GOOG: Would not chase it, would rather sell Jan07 500 put and collect premium. Will wait until there is a pull back. My short Dec400 put has lost significant premium. Will close position on that one and switch to leap.

To: SiouxPal who wrote (338)	11/22/2005 2:05:53 PM
From: Ron	Read Replies (1) \| Respond to of 3961

That's roughly a 1.5% increase for GOOG based on the share price at the open. Just for comparison, NAPS is up a nickel. That's up 1.5% from the open. IFLO is up .89. That's up 7.1%. So let me see here. Did I want to put $41,500 into the market for 100 GOOG, or did I want to play 1,000 shares of IFLO putting 12,600 into the market for a profit so far of $1,180 or have the excitement of watching GOOG for a profit so far of $600. Well it depends on your trading style. I prefer smaller dollars at risk for percentage gains. If something bad came out about IFLO and it immediately went to zero, I would have lost a lot less than some scandal coming out about GOOG with my 41 grand sitting there taking the hit. Successful trading is managing to minimize risk, in order to make profits. Just sold half lot of IFLO. We'll see what it does after the fed report at 2pm eastern.