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Mysef

01/16/04 10:03 AM

#23413 RE: sgolds #23412

sgold,
good for ya!

I rolled my Jans to April on Wednesday. Crap wouldn't keep going down! Had to live to fight another day.
:(

Mysef

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j3pflynn

01/16/04 10:12 AM

#23414 RE: sgolds #23412

sgolds - congratulations! It's sure nice to see all that green this morning, isn't it? It's taking off quite nicely, hope it keeps up and holds... it's got a ways to go to reach my contest entry price!
Paul

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gollem

01/16/04 11:08 AM

#23418 RE: sgolds #23412

Congrats on a good trade sgolds, yb too I think.
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HailMary

01/16/04 11:29 AM

#23421 RE: sgolds #23412

Nice move.

Maybe there is still hope for my Jan 19 calls? LOL. At least I bought these with profits from my previous Jan 15 call miracle gain (back when they were in the $3 range). In the future I will roll less of a profit over from a call gain into more aggressive calls. I knew better, but I gambled anyway, and this is typically what happens when you gamble. I've learned this lesson enough times that it is finally sinking in.

On the positive, the shares I took assignment on last month (Dec 17 puts) are now above break even ($16.30) overall. That didn't take too long.

My position now is all shares, and I suspect it will be that way for a while. I don't see anything that warrants buying more calls, and I'm too overloaded to write more puts. I may still write some covered calls if it gets closer to $20, or just do a straight sale on some of the shares I was assigned if there is a quick spike up.

Good luck-