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Technology Stocks : IMRS racking up y2k contracts. -- Ignore unavailable to you. Want to Upgrade?

To: Nanda who wrote (1702)	11/14/1997 11:49:00 AM
From: TEDennis	Read Replies (1) \| Respond to of 3162

Nanda: No crystal ball is needed to determine that you already made a bundle on the way up, and that IMRS had leveled out. The market was shaky, the techs were shaky, and the Y2K sector was shaky. I say lock in the profits, be patient for a correction and the subsequent turnaround, and then take advantage of it. Historically speaking, there haven't been many occurrences of stocks that have started in the low teens and rose without breaks. So, missing the greatest rise in history is highly unlikely. I've played the above scenario a few times with VIAS. Not only is it profitable, it's fun trying to guess the right time to buy and sell. Your option protection strategy sounds effective. Good luck. TED