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To: Kelvin Taylor who wrote (8758)11/29/1998 8:34:00 PM
From: Brian H.  Respond to of 14266
 
Kelvin,

I am a value investor as well, but I have never made as much money as I have in the last week on the internet plays. I, like you believe that they will stall and pull back fast, that is why I am playing Option straddles. I am only holding Dec 50 Calls right now on ONSL that I bought for 10 1/2 and I will watch what it does tomorrow. If it is strong, I will buy 7 in the money Dec Puts to lock in my gains. If it goes higher, I will sell the puts and buy other in the money puts. I know there will be just as much money to be made when they pull back as their was as they flew up.

I really like UBID. I have been buying from their Auctions for about 8 months now. I think they have better quality merchandise and you can get really great bargins.

I may play a few other Option Straddles tomorrow. It is just so hard to watch these stocks move up and down 2 - 3 point in a minute and work at the same time...:)

Good luck Kelvin and lets hope for a few more days of this FUN!!!!!!!!

Brian H.