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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pittman who wrote (7927)10/15/1998 12:57:00 AM
From: Jay8088  Read Replies (3) | Respond to of 10227
 
Yep. I feel real depressed to see the half of my entire networth expire worthless as Oct puts (mostly in Amazon and Yahoo). I am finding that there are ENORMOUS amount of danger in buying next month out-of-money puts like a demented doom and gloomer!

I would like to warn everyone against gambling it all on one options trade. It is not a sound money management concept............



To: Ed Pittman who wrote (7927)10/15/1998 1:30:00 PM
From: Jay8088  Respond to of 10227
 
Well, certainly October puts are getting slaughtered right now. If the DJIA goes above 8180, the 'crash' would be delayed to say the least! I am also watching SPX down trendline around 1035. Hope those resistance levels hold!


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