To: TATRADER who wrote (8012 ) 4/13/1999 8:02:00 PM From: SnowShredder Read Replies (1) | Respond to of 59879
Hi Mark, Glad that you got back safely. Anytime you want to ride...let me know :) This last week has been unbelievably prosperous for me :) Even though I sold WCII so early...I'm looking to reenter sooner or later(I can't believe I missed by that much...ouch...am happy with the 3x although it coulda been 10+..I guess I was having flash backs of trading it & losing ;). I sold my AMZN may calls @ the close and bought some more EGRP may call 110's. You might want to look into paper trading some inutz calls (ones with a huge pt run up potential)...can have some huge returns with minimal risk...cuz if you think about it... eg (hypothetical situation):if you bought 1 contract of EGRP May 110 call @ the close was ~$21 (gives you the right to buy 100 shares @ 110, b4 the 3rd Friday in May)...so total it would cost you $2100. If you wanted to buy 100 shares you would of paid $12,000. Now let's say EGRP runs 50 pts(hypotheical target) tomorrow (wouldn't I be happy)to 165...& you decided to sell...the shares would net you $16,500...~30% return. While the 1 contract would probably sell for let's be conservative and assume a $10 premium...so it would sell for $65 netting $6500, which would be +200% return. Now let's say EGRP tanked tomorrow (gapped over your stop, or it got triggered & you didn't get filled til -50) and you couldn't get out til it was -50 or @ ~$75/share. When you sell you would net $7500 and lose >50%. If you had 1 contract the most you could lose is $2100 (your initial purchase price)...which would b 100%, but most likely you could sell your May 110 for let's say ~$3...netting $300, a loss of ~70%. So you can benefit from a huge pt run, but your $ amount loss is protected. (disclaimer...it just sounds easy...you should have your entry and exit points already figured out, and carefully select your picks...don't be slow on the trigger, and try to sell into strength...do your own dd, cuz you can get burnt). Just off the top of my head, the inet broker stocks have been humming big time. JBOH might be a play...Ameritrade annouces earnings tomorrow, & EGRP next Tues the sector should rock. I really like BEAM (own some calls)...SNRS is looking interesting too. GSTX & MOGN might be worth a watch too, but I think the hummer could be SPDE. I haven't been able to check out their (above picks) daily charts as the info isn't updated yet, but their intraday all look nice. Best of luck, Where'd He Go?