Strictly Buy and Sell Set Ups | Stock Discussion Forums

To: chowder who wrote (7695)	2/3/2006 10:16:32 AM
From: eaglains	of 13449

Dear Dabum, Your words continue to be words of wisdom; and the major benefits of ny 5 weeks with you has been a severe decrease in impetuous behavior; and a slowly building diminishment of my lack of discipline and impatience - i did not buy CCJ yesterday, and true to your comments, it has not opened strongly. Thanks as always, for this marvelous tutorial in real world realities. i have read the Seven Deadly Sins, and will soon have read all the header posts. Then i will start to re-read them all, again. They, combined with the daily lessons of the postings, are the educational scholarship, you selflessly offer us. Much continued thanks. Your friend, mark

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To: profile_14 who wrote (7478)	2/3/2006 10:21:29 AM
From: profile_14	of 13449

I sold my UBBPO puts for 3.85 average price this morning, with a basis of 3.52. This trade took about a week, but it worked out. The charts were not lying and the stock did turn around. It should wallow around there for a while. I reversed the trade and took advantage of the high option volatility premium and sold 20 contracts of the UBBNO for 80 cents. I would like to collect the 1600 bucks for waiting two weeks. The stock would have to drop another 4 points from the current 79 to 75, and then another 80 cents to 74.20, for me to break even. I think the odds are I will collect the premium and the options will expire worthless. stockcharts.com

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