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

To: Jeff W. who wrote (4033)	1/26/1999 10:17:00 AM
From: SJS	Read Replies (1) \| Respond to of 17183

I hope all that trading was worth it. That's a lot of commission for someone out there.... But trading options means you have to evaluate instantaneous news, so it seems you did your best with your trade and you DID make some money. Best of luck, and you're welcome (If I actually did anything to help you...).

To: Jeff W. who wrote (4033)	1/26/1999 10:19:00 AM
From: dennis michael patterson	Read Replies (2) \| Respond to of 17183

Jeff, why did you choose 103 as your sell point? You timed it perfectly.

To: Jeff W. who wrote (4033)	1/26/1999 1:22:00 PM
From: SJS	Read Replies (2) \| Respond to of 17183

Jeff, Note the classic case of option "deflation", after earnings. Look at the Feb 90 puts, for example. The stock is down 1 1/4, and the PUT option has deflated 9/16. In theory, if the stock is down, then a put would move opposite of the stock. Not so today. The calls have had more erosion, because it is compounded by the stock price being down, too. As I was saying, that is risk you can sell and profit handsomely if you are correct. If you bought that risk, you would be an instant loser even if the stock stayed the same on the day. Just something to note when you play with options.