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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Al Serrao who wrote (1968)	3/25/1998 1:31:00 PM
From: Ms. X	Respond to of 34811

Some ideas on managing trades. Buying puts is expensive and I typically don't like to put money out. I, for want ever reason, am more apt to take money in. This brings me to the covered write. I generally will take the emotion out of the sell decision by selling calls, either part or all of my position. In many cases, I have been taken out, only to see the stock continue to rise but other times like the most recent Intel collapse, I was taken out with major premium 10 points higher than current plus 5 points premium. If your portfolio is relatively small, and you are dealing with quality companies, consider a pullback as an opportunity to add to the positions. Consider selling 1-3 of your position if you are up 30% and another 1-3 if you are up 50%. Shift the high beta stocks into low beta stocks and remain fully invested. There are many right answers. Right now we see no signs of trouble but we are high. Tom