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jenna

01/22/04 1:33 PM

#20790 RE: jenna #20789

NFLX gorgeous! called this morning's newsletter (no we didn't get the entire gap,) we bought the March 65 calls @ 11.90 its trading now at 14.60 @ 15.20 Its our opinion this moves up to the triple digits before the split next month and there is still a lot of money to be made. Would have done the same with TASR but there were no options. You need a plan and you need to diversify your trading to get all the upside and downside ACROSS SECTORS and even get the best of the semis (long and short)!! The long and strong song is getting rather boring and its now at the bottom of the "pop hit parade" being virtually ignored. It takes a little work and research but its worth it. The last total option we had featured on our newsletter was the 55 QCOM calls for January sold after QCOM hit 60.73




I did want NFLX as a straddle but figured the premium being over $6 bucks was too much to pay for the straddle and wanted a pullback. It was a shame since it would have given us CCMP, SNDK and NFLX for today so we got a piece of it anyhow. Never give up, get a plan, and trade that plan. NEVER trade through earnings without a contingency plan in case the trade goes really bad. There is no way in hell I'd ever get stuck in a SNDK (or any) long play through the report Even stops won't help. Very infrequently we'll hold a long in a sector not noted for its huge drops.