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

To: Brian Moore who wrote (32861)	1/12/1998 12:59:00 AM
From: Dwight E. Karlsen	Respond to of 58727

Sell them tomorrow, at whatever you think the low is..which is very difficult to do..but if we gap down and fall fast..sell at the first uptick..that's what I would try to do anyway..but then again I would have sold them Friday, like I did my CPQ and Nokia puts. DK

To: Brian Moore who wrote (32861)	1/12/1998 8:46:00 AM
From: j g cordes	Read Replies (2) \| Respond to of 58727

Brian, my two cents and everyone knows by now that I like to walk away from a trade a winner, maybe not the fattest cat in town, but a winner. JBIL is in the money for you, we have MOT and INTC earnings coming out late today and tomorrow, we're going to get hit by a wave of negative sentiment on techs and other stocks from Asian debacle. Three choices... A. sell half at the negative market down today, gamble the rest on continuing bad news helping your position. B. sell it all for a good profit at the worst today and BE HAPPY even if it looks better tomorrow. My reasons may be proven wrong, but JBIL should stop just above or at the December lows of 29-31 worst case short term, probably not that low? Hard to say on my chart.. Its still a hot company, retraced significantly from highs AND if by chance this day turns out to be a little strong from the early selloff and MOT or INTC hang tough with just enough forward looking optimism you won't see these lows for the rest of the week and your profits will go pooof. Jim PS.. oh yea.. the third option.. do A. or B.