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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (49874)8/14/1998 10:24:00 AM
From: the options strategist  Read Replies (1) | Respond to of 58727
 
Lisa, lol, first of all I was TOTALLY wrong in this play. I did all the wrong things. I DON'T EVEN WANT ANYBODY TO KNOW exactly what I did.

I should have used my usual strategy with this play. That is to place a limit order below at or below the low of the day (after the first hr.) and if I'm filled... fine, if not wait until later in the day. In the case of aapl on wed. that would have worked perfertly for me because I would have been filled at the low and would be in.

However, I do not want to be in anything over week-end so since aapl is not moving yet and if it had not moved by this evening, I would probably have sold losing only commision which would have been less than using the gap theory.