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.

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

To: John Post who wrote (2678)	4/29/1998 10:30:00 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 34809

John, what are PFE leaps ? Thanks, Jim

To: John Post who wrote (2678)	4/29/1998 11:26:00 PM
From: lobster	Respond to of 34809

John, I have some Jan 99 w/90 and 80 strikes. I am giving PFE room to 108 which breaks a double bottom. At 108, I am selling all because I want to keep my profits. This is my opinion only. There are other right answers and I am sure you will get a few more. You need to decide for yourself. Later, Lobster

To: John Post who wrote (2678)	4/30/1998 12:42:00 AM
From: Ms. X	Respond to of 34809

Hi John, I made about 24pts on my leaps so I sold to roll over on a correction. With that being said, I see nothing wrong with holding or selling enough to cover your initial entry costs and letting the rest ride. I had such a nice profit, I decided to take it. I do plan on re entering when the market indicators tell me the market risk isn't so high. I'm short most securities right now save the oil, oil service and gold stocks I own. No begging (when was the last time you heard THAT from a woman??!) Jan I am

To: John Post who wrote (2678)	4/30/1998 11:05:00 AM
From: Ms. X	Read Replies (2) \| Respond to of 34809

John or anyone holding PFE leaps or calls... Message from Tom. On your thread p&f people are talking about what to do with PFE calls. One thing they might consider is selling out of the money, near in calls against the leaps. This will turn into what is called a diagonal spread and is similar to selling calls against long stock. I sold the May 120's for $3 and I probably will keep all the premium. Got the thread bookmarked now can read all. T