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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Autumn Henry who wrote (27970)	11/7/1997 12:15:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 58727

>>Don't have calls and puts exactly straight yet. Do you mean you bet after the rush up that it would tank? I don't happen to think we are sheep here.....but I like the sounds you make...:)<< Well no, But I bet that it wouldnt stay up there for long and didnt want to chance it especially since the next day the company said it wasnt intrested in being bought out, I expected it to go back to 32-33 not to 29 or I would have bought puts, still learning the game and not good at it like some others here and it went 2 points higher after I sold it too. Calls let you buy stock at the strike price, puts lets you sell your stock to someone else at the strike price.