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Strategies & Market Trends : Canadian Options

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To: Porter Davis who wrote (1422)9/15/1999 8:00:00 PM
From: csm  Read Replies (1) of 1598
 
Porter, thanks for the advice. You are absolutely correct, I should decide what I think PD will do in the next while before changing anything. PD looks very strong but I think it is a little ahead of itself. They are releasing quarterly numbers tomorrow and holding a conference call Friday morning. My guess is that this might temper things a little. I did the calculation you suggested and my break-even for changing positions is probably around $33-34 in October. I think I'll sit tight and see if it weakens before changing anything.

As an aside, Chapters.ca has the book you mentioned. They say it usually ships in 3-5 weeks. Amazon says they ship within 24 hours! I'll inquire at the store and see if the online savings are worth the wait.

Do you trade Canadian options much? They seem to be pretty thinly traded, the ones I've tried, and there don't seem to be any bargains. The specialist just won't fill you (me) until the stock moves so that your bid/offer is at least equivalent to "market" at the time. Seems to me that you've got to be pretty careful to stand any chance.

Stuart.
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