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Strategies & Market Trends : Giant LEAPs...

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To: Nancy who wrote (71)4/4/1997 9:24:00 PM
From: William H Huebl   of 315
 
Hi Nancy,

I wanted to get back to you because of your comments on PG. Today the market swing was about 120 points from the DOW bottom to close. PG opened around 114 and moved up 5 points... that is about a 4% move to the upside. HM opened at 14 3/4 and closed at 14 3/4. The 200 day MA for PG is strongly up. The 200 day MA for HM is strongly down. I sold my April HM puts yesterday and bought July puts today after making about 30% on the April puts in a month. I expect to double my money on the July puts within a month or so.

Simply stated, buy calls on stocks moving up. Buy puts on stocks moving down.

It's really a no-brainer.

Try it, you'll like it.

Regards,

Bill
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