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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: DavidG who wrote (35540)	6/21/1998 8:20:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 53903

David, I think this is a better plan. It is not what I do, as I tend to pick one side and pound it to death. In other words, if I thought MU deserved to rise in price above its already ghastly bloated level, <G> I wouldn't buy any puts. Just as I may hold less MU puts when the stock is scraping the low 20s, but I'm not buying any calls. Your system is much more likely to come up a winner than mine. However, my system is more likely to come up a huge winner if I'm right. I think, in a capital appreciation play, which long options are, you have to choose a side and stick with it until either your research or disabling losses change your mind. Your system is more reminiscent of some of my income plays, though I am usually selling premium then. Good luck, MB