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Strategies & Market Trends : Lessons:"How to" properly exploit Price DROPS, in stocks -- Ignore unavailable to you. Want to Upgrade?

To: tom r. phillips who wrote (560)	8/28/1998 4:56:00 PM
From: Jim Goodman	Read Replies (2) \| Respond to of 660

thanks...I want to wait till I see newest charts, Sunday, but WILL answer you Monday, if that is o.k., ....many stocks are already down off their highs, and I generally never "chase" down any blue chip issues, even if they look lower, preferring to buy, today, issues which are still in stage 4 or 5 in their "PSYCLE sm", while still near their highs....hope this helps...as to MU, a toughie, but you cannot go wrong selling for a double....sell 1/2 pos. anyway ? good for you....but no formal opinion on MU here, sorry....will talk again Monday, have a good weekend, and kudos for playing the downside at all, shows you are above avg. ....my NL gave out dozens of successful Puts again this time around, though I took a few Q, small Puts losses earlier, of little consequence....we shall see....been doing well for my people, in Puts, best wishes, till next time,

To: tom r. phillips who wrote (560)	9/1/1998 2:54:00 PM
From: Jim Goodman	Read Replies (1) \| Respond to of 660

follow-up, obviously, kudos for doing puts at all....and, in my NL Mon., I said was too late to "begin" to buy most Puttables, and today, recommended taking tons of profits in previously given puts early today.....also, CMB, CCI., KO were already down to their 200 DMA, and we only buy puts, as I teach herein, only right near highs in individual stocks.....we had a ton in the NL, has, like from March/April, been very good period for my people doing those...but, this morning, began nibbling at the longside ideas I shared, and holding much cash....with very, very few Puts positions left, any more.... hope this helps, keep in touch, Jim