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To: Sigmund who wrote (8713)11/25/1998 10:39:00 AM
From: rogermci®  Respond to of 14266
 
Sounds good to me. Except, I think this is going higher than 40...The squeeze will start as the volume picks up.

roger



To: Sigmund who wrote (8713)11/25/1998 11:27:00 AM
From: Richard Spitzer  Read Replies (2) | Respond to of 14266
 
Sigmund, my strategy is to keep my core shares "forever" and to play options for shorter term. I sold my old Dec 35 (now 23.3) calls this morning for about a 134% gain. Considering I had all but written them off for zero two months ago, I didn't want to get TOO greedy. If we skyrocket up near 40, I'll probably sell my Mar calls. And on the next correction, I'll pick up some additional Mar or Jun options.

Not saying this is a good strategy, just what I do.

Rich