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Strategies & Market Trends : No-nonsense stock option picks ! -- Ignore unavailable to you. Want to Upgrade?

To: Early Bird who wrote (81)	12/21/1998 6:35:00 AM
From: Early Bird	Respond to of 135

GPS.... In an earlier post I mentioned that GPS was hitting a bottom for the third or fourth time within the past few months (on an unadjusted pre-split chart.) I should have said that while this is true, it, like AOL, is about to come out of it's post split consolidation, and should be good for about a 5 or 6 point move within next 3 to 6 weeks.... Have found that is best NOT to adjust charts for splits as it is easier to see how previous splits have affected the stock..... Early Bird

To: Early Bird who wrote (81)	12/21/1998 12:05:00 PM
From: Benchman	Respond to of 135

Hi EB. Welcome to the thread. I think we all like as many posters and information as we can get here. That's interesting advice from Barron's. I'll have to look back and see what I have done. So far I have done pretty well on options (much better than my normal trading), but, I don't think I have paying too much attention to the amount of contracts I buy, or how much I spend on for each one. I have been basically looking at the company, and the technical factors of the stock. I guess sometimes the amount left in my brokerage account also determines how much I buy :-) Good luck on your investments. I currently hold options on MCLD and SEG. My MCLD ones are way up, but, my SEG ones are close to breaking even only. Rob.