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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Mikey who wrote (418)	11/15/1997 10:18:00 PM
From: Weekapaug	Read Replies (1) \| Respond to of 22640

Mikey, I've tried shorting before. Won a couple of times, but overall lost thousands trying it, no more. I will have to say I wrote Dec 100 calls against my purchase and received 5 5/8 for them. Boy, if I had waited until Friday I could have really cleaned up, by selling 110 for probably 10. But who knows which way this stock will go? My mind makes me think it may test 104-110 area this week. Which would mean I made a bad bet, writting calls. But then again it may be in low 90's first thing monday? It seems the news I heard indicated the inflation numbers weren't as bad as they first thought? That could change on Monday? This is a FUN STOCK!!!!!!!!!!!!!!!! Glad Aaron told me about it!