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

To: Mr Bones who wrote (912)	10/30/1998 11:23:00 PM
From: Walter High	Read Replies (2) \| Respond to of 10714

Mr. Bones: I'm ready to get out; I'm just trying to pick the best spot. Since my calls cost $2K and I have 10 of them, every point is worth about 50% to me. I can use the extra if I can get it since I have a few losers I would like to dump for tax purposes soon. The last time I asked a question like this was about two years ago when I was holding Cisco calls. Someone gave me the same answer you did, so I went ahead and sold right away, taking about a $6K profit. By not holding them longer, I tosses away approximately $25K more. So, yes, I understand what you are saying, but I hate to jump just because I have a profit. I was hoping someone might be good at technical analysis and be able to give me some indication as to whether or not TA projects this one to break 30 or not in the next month. I also sold some PIR calls in January for $9K profit that were worth $25K in March. Overall, I am only slightly ahead in all my trading after five years of this. My two biggest mistakes have been: (1) not getting out soon enough and taking a fairly small loss when a trade turned against me, and (2) cashing out way too early when I really had a big winner. Walter High