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Strategies & Market Trends : Giant LEAPs...
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To: Nancy who wrote (67)4/3/1997 6:11:00 AM
From: William H Huebl   of 315
 
Hi Nancy,

You are "putting" me on, aren't you??? NEVER SHORT OR BUY PUTS AGAINST A STOCK OR INDEX IN A CLEAR UPTREND AS MEASURED BY THE 200 DAY MOVING AVERAGE.

On PG, even the 50 day moving average is up.

I think options players who go against this rule must have a latent death wish. And the reason for the rule is that stocks trending up consolidate by moving sideways or down only a little. It is my understanding that successful options investors make their money by hopping aboard trends and not trying to predict turn-around points.

So if you must invest in PG puts, wait for it to go down far enough to make the trends negative. You may be waiting a long time.

Regards,

Bill

PS How about a PG CALL??? Now THAT would make sense and probably make you some serious bucks in the next few weeks barring a crash.
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