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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?


To: Merlo who wrote (3320)5/27/1998 4:11:00 PM
From: Jxcxjx  Read Replies (1) | Respond to of 4903
 
I will admit I covered my short play.But Im not crying one little bit.
I got a nice 3 1/2 point profit. I also own several July 20 put options which I purchased at 7/16, I am not selling those yet,I have plenty of time for that play yet. I also find that the stock has not moved that much since early afternoon when I covered at 25,The Dow was down a 120+ points and the NASDAQ was down 25 points and NSCP did not really participate in that rally back to almost even on the day.But the stock did not break down during the worst part of the day.Seems that there is a lot of traders that can't make a decision out there.Will be interesting to see where this go's over the next couple of days.
Jx