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To: Skeeter Bug who wrote (40968)	11/19/1998 3:58:00 PM
From: DavidG	Read Replies (1) \| Respond to of 53903

Skeeter, <<did you get that options symbol corrected? since i made 1000% on cmb puts by fighting the trend does that mean i have to give it all back? ;-)>>> What options symbol? I never talked about any cmb...don't know what it is. My point is when you see a trend and you conclude that you are at the beginning of it then let the option run...kind of like MB does as an investment...but when you at the end of a trend with just a positive bias..such as MU, trade it like you were holding a lit match or "hot potato". :-) Good luck Trading DavidG

To: Skeeter Bug who wrote (40968)	11/20/1998 8:16:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 53903

Finally I can get in to SI again - just barely. As for your cmb puts, you made your 1000% return going with the trend, not against it. In Sept/early Oct all banks and global financial institutions were pounded, rightly or wrongly, and you hopped aboard and rode the trend. The trend on MU has been up, and those who rode the trend have profited handsomely as well. A call purchased when MU was sub-30 would have given you another 1000% return. Now me, I was writing options. The Nov. 45's I wrote just expired worthless, so I keep the premium. Now that November options expiration is over, we should establish next week whether MU is headed back down, or up. Be aware that even if there is a little dip early next week, a post-thanksgiving rally is the norm. Considering the strength of the SOX, I'd hate to stand in front of a train right now, though. The semis may well come back down, but my guess for a time frame is sometime after the first of the year, say March-April. In the meantime, enjoy, or stay out of the way. Carl