Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen Trautmann who wrote (1774)	1/17/1998 6:41:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

JT: RE:" SLIP/PPP " The Win95 script tool is called DSCRIP.EXE (I think). I have downloaded it from Microsoft and used it before, Juri - but I have not set up any SLIP access for the Dial Up Networking module. The box-builders look to me like they need to correct (down) from this level; IBM, DELL, CPQ and GTW all have little Dojis on their candlesticks, but I haven't reviewed my charts in detail yet - just got back to Paris a few hours ago. CCI and other banks may continue to fall after retracing up last week... for some reason, I'm not bullish right now, and I went flat the OEX.X FEB 450 CALLs and sold all my SPY stock at the high last Wednesday. I'm long DAX:DAI after accumulating DAIBN FEB 70 CALLs from 2-1/8 down to 1-3/8 the last few days; I have a somewhat heavy trading position in OSLO:NHY stock @ 43 - looking for 3 points; wish me luck! I feel your pain with the DELL CALLs - I had to decide to never let tax considerations influence my trading, as I refused to exit Techs in August for that very same reason and ended up losing 1 Porsche by doing so. My latest bummer was this - before I left for the States (22-DEC), I bought CALLs on the OSX.X Oil Service Index (blind, I might add) and disposed of them 10 sessions later for a $6,500. profit. But I also bought CALLs on two OSX.X components, VRC and NBR. For some reason, I went brain-dead, and did not close these CALLs at a small profit at the same time as I went flat the index. The sector then proceeded to go down again. Last week, I tried to salvage what was left of the CALLs by selling @ MKT. Quote was 1/16th on Wednesday. I had about 100 contracts. For three days, I tried to sell-to-close @ MKT. Nothing happened - they expired worthless. Net effect, up $6,500 from the index CALLs, down $12,000 from the worthless component CALLs = -$5,500. Lesson learned - when I go flat on an index option, sell the bloody components too. DUH My trading portfolio was even in December, and up $10,000 so far in January, so I feel like I've turned the corner. One reason may be that I have stayed away from TechStocks - long or short; another reason is that I have been looking at "turtles" that are moving 2-3 points in clearly-defined channels, and buying options to get the leverage effect... much safer; much more profitable. Still, 80% of my capital (the part I don't use for trading) is just sitting there, earning {gasp!} interest income since last November. Like Berney, I cannot find any F/A reason to "invest", and I refuse to aggressively buy our beloved INTCW, preferring to "let it come (down) to me" rather than chase after it. -Steve