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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 (5614)	2/27/1998 1:58:00 PM
From: Jerry Olson	Respond to of 120523

Hi Ken Hey a profit is a profit!!!! No i don't like chasing a stock by buying higher strikes..I like buying in the money with time 2-3 months or so...I don't always do this, esp when I think we'll correct late Mar early Apr... So I would have held your options and when a stock runs like DELL does i would have held till i hit my TARGET PRICE!!!! Like I said you need a realistic profit target... I try to make a double on my trades..100% profit...forget how much MORE contracts you can get by purchasing high strikes!!!! your taking more of a gamble at those levels... stick to in the money(ITM) options with 2-3 month time frame and trade for a double..If you could make 100% on all your trades you'd be rich...believe me this is extreamly hard to do...in fact it's impossible... Just a tip...in a trending market like this one, and when a stock kills the number AND announces a stock split, that is a very powerful factor to move that stock...so buy and hold are a better play than chasing up up and away... of course this is JMO....Regards, Jerry