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

To: Cynic 2005 who wrote (28590)	11/17/1997 10:21:00 AM
From: zx	Respond to of 58727

Good Morning , the market had been bullish for three straight days. have some nov options that are profitable. my question to all, when will the market cool or will it be up, up until friday expiration. have been letting my options run but sitting on option paper profits is scary, especially with november expiration on friday. my stocks of concern are: DMIC, EMC, LUV, QCOM, SYMC. advice will be pondered but i reserved the right to continue to make my own mistakes. thanks, ag

To: Cynic 2005 who wrote (28590)	11/17/1997 10:51:00 AM
From: Tom Trader	Respond to of 58727

Hi Mohan >>Tom, hope you get back to business as usual. I am back -- on an even keel. >>I always valued your opinions And I have valued yours--after all you are my guru:) >>and I for one never doubted your integrity Thank you >>Also, I respect Iqbal's commentary and I do believe that he is an honest gentleman who is always willing to help. I respect Iqbal's understanding of global economic events and I do believe that he is always willing to help. I don't believe that he likes dissent from his opinions, though he says that he does and the more articulated a dissent -- the greater his feeling of discomfiture. >>It is unfortunate that things unfolded the way they did over the weekend. Yes it is--I knew full well even before I posted last Friday that I would get a strong reaction not just from Iqbal but from his minions. But I must confess that I underestimated the virulence of the attacks that occurred yesterday morning. >>Hope time heals everything I have no doubt about that. >>You have mentioned several time, strong gaps up should be shorted in to. I think that what I said was the strong gap openings in the S&P futures, in either direction rarely hold and more often than not they retrace. At this point the market has been open over an hour and the strength is still there so I have less confidence in a significant retracement. >>DON'T GET SUCKERED INTO THIS MORNING's STRENGTH! You may see a 180 degree turnaround by the close! I AM NOT KIDDING!<< Now that you--my guru--has said this in caps, it has fortified my view that I should not add to longs:) Seriously, I will look to close out longs or hedge them into strength--but I am watching the market action to help clue me in. Still long the futures, of course--but the signals on that are mechanical, as you know. Regards