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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (3976)1/25/1999 2:20:00 PM
From: David Weis  Read Replies (1) | Respond to of 17183
 
So, I'll roll the dice. I sold Dell once the day before earnings. Closed at 112. Opened the next day at 121. I am still not over it.

*david chuckles with dennis*
Was that last year or the year before you did that?
I think that was last year, because I was buying back some covered calls about 3 days before earnings, cost me, and after earnings, I was glad that I had bought them back.

We are learning, right?



To: dennis michael patterson who wrote (3976)1/25/1999 2:57:00 PM
From: SJS  Read Replies (2) | Respond to of 17183
 
If your going to be a trader, then you'll make good mistakes and bad ones.

That's precisely why the options are so juicy right before high-beta stock and their big earnings announcements. Lots of risk. If you're confident you sell that risk. If you're not, you buy it, but you'll pay alot of premium for it.