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jenna

05/05/04 11:42 AM

#22796 RE: jenna #22795

OSIP(target 75), ESMC 20 target hit),IPXL 26,

OSIP no gap so that was another big play anticipated for today. 75 June calls looking good. IPXL target is 26 should hit also. We got the move down from 93 until today's just under 70 and now we picked the calls. We already have the May 80 calls from the straddle. May 70 and 60 puts nice as OSIP moved down over 22 points. We never enter an earnings report without both sides (although ironicaly we didn't with BEV or IPXL as puts were hard to come by)We did not have to hold OSIP from any losses either just shorted the top and bought at the bottom.















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jenna

05/05/04 12:47 PM

#22799 RE: jenna #22795

TASR waiting for the break of the rising 50 ma @ 32.50 on 5 minute per our "intraday chart" . The typical short for TASR as before is the 5 minute low. Trailing stop is now $0.78 above the last lock in assuring further gains. If TASR losses the 50 ma I looke to head for 32. Every day short TASR good for about $1.75 not including some intraday option trades of May 35 puts (loving this company!) We do occasionally buy the reversal off a gap 'n crap but looking for no more than a REVERSAL period day play for this 'has been'. Spike highs can be short especially at reversal periods (11:00 to 11:30 into doldrums) or of course the 5 minute low, on the occasion of a gap down you will just know traders will be buying for a trade and looking for a gap fill as well but NEVER HOLDING past resistance intraday. No longer holding any TASR calls, got rid of the lot early in May