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To: craig crawford who wrote (18226)9/24/1998 1:15:00 PM
From: Jay Rommel  Respond to of 164684
 
Dude, I closed all positions before lunch.
I'll be on the side-lines enjoying this one.

Good Luck



To: craig crawford who wrote (18226)9/24/1998 1:23:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Shorted 500 at 111 7/8.

Good move Craig, actual short shares at this price level is much better than puts. I can only "reserve" 150 short shares from my full service broker, and I am asking to short at $118 and cover at $101. The commission is much higher and it's inflexible to trade.

Please be careful on writting Oct uncovered calls, don't write too many!! I had $60K loss in three weeks writting Jun & Jul uncovered calls; I "handled" them in the worst possible ways and did not seek help when I should have. I "can" handle it much much better now given the same situations.

Good luck!