Dykstra: How to Keep This Rally Alive
09/13/05 - 07:03 AM EDT
The first-game jitters are gone. Heading into the second week of my inaugural season, let's check my stats thus far.
My leadoff hitter last week, Symantec (SYMC Quote), was up 6.4% to $22.18 as of Monday's close, from $20.85 when I recommended it here. Keeping pace, my second hitter, Dow Chemical (DOW Quote), was up 4% from where I recommended it to $44.97. While these represent impressive gains in a week, the combined increases will merely buy you a few gallons of gas or a couple of lattes at Starbucks. Always remember to keep things in perspective and please note: I am a trader! I lock in profits when I feel the market is extremely volatile, as it has been of late. So I sold Symantec on Thursday at $22.22 for a $2.27 gain -- I bought the stock on Aug. 25 with a cost basis of $19.95. As for Dow Chemical, I am still holding my January $35 calls. Rather than cashing in here, I have chosen to wait because I believe this option will yield greater gains down the road. So my table setters have done their job, they got on and scored. Now, we have to keep the rally going.



