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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: the options strategist who wrote (6635)	11/11/1998 10:26:00 PM
From: BarbaraT	Read Replies (2) \| Respond to of 7247

Jen ... I agree 100% with you. There are 2 sides to this coin. Tim is certainly entitled to sell whenever he wishes to lock in profits or for whatever reason. It was honorable that he told the thread. On the other hand, you can't blame the thread for being disappointed after hearing such bullish comments in the morning which indicated all should hold and not give in to manipulation. By the same token, why is everybody focused on NEWZ. Tim said that he sold all his positions ... KNT, XYLN and NEWZ. He did not just let go of NEWZ. He became nervous about the market and let go of all his positions. If everyone thinks back, he did this a week or two ago with CIEN, KNT and XYLN only to buy back KNT and XYLN at higher prices. So, his sale today has nothing to do with his or anyone's belief in these stocks. Fundamentals are the same. All the stocks Tim sold in the past came back and when he felt better about the market, he paid higher prices for them. There is no reason that NEWZ, XYLN and KNT will not do the same. If the market stabilizes and these are the great stocks that we believed them to be when we bought them, they shall come back and then some. Tim ... good luck to you whatever you should decide.