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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Ken Beal who wrote (5511)	2/23/1998 11:36:00 AM
From: Jerry Olson	Respond to of 120523

Hi Ken I'm just heading to NYC for a few days, but here's some advice... I don't play straddles...to tough to follow especially in a trending market...unless your a daytrader and your watching the tape i would avoid straddles... Calls are the play here, DELL will go much higher IMO...right into the the split date...best stock anywhere... Go with the flow, you did good anyway...but you must have an exit number...how much do you want to make on a trade...50%-100%-what??? Don't leave profits on the table trying to get the last drop out of a trade...you'll get killed...whipsawed...remember fear & greed are your worst enemies.... move fast & loose, let your calls roll while the markets are moving higher but take profits too... a good rule of thumb is this...you buy 20 calls on XYZ, it doubles quickly for you, sell 10 and hold ten if your feeling is strong to the upside...you protect capital and could make very nice profits without much risk.... hope this helps, To All have a great trading week...Jerry