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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: space cadet who wrote (10511)	6/24/1998 5:35:00 PM
From: larry	Respond to of 18691

Space cadet, I won't buy AMZN puts since they are way too expensive. I was thinking that the issue had no way to blow past 100 today. Well, I was wrong! Now, I am not sure how high this puppy will go. I sold all my CSCO today (the rally has been too long) and MSFT July 95 calls and made some nice gains. Will sell my July 100 calls tomorrow. I have to expect that CSCO will drop several points by Friday. This dude has not been hit by any profit taking lately. Bought more DELL at the dip today. Still believe that the issue will see 100+ soon. Remember that this is the only super star that has not made new high. And I don't think that there is anything wrong with the issue with the exception of high valuation. good luck, larry!