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Strategies & Market Trends : The picks

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To: steve susko who wrote (1996)1/15/1997 8:51:00 PM
From: Shawn Murphy   of 6124
 
STEVE, RE: QUIG and ZE options.

Believe it or not you can find situations like that often, but finding
the ones to milk and doing it right is the hard part.

I knew that sell pressure would continue from the day before due, plain and simply, to investor ignorance. For instance, you own QUIG yesterday and you heard the false news late and you put a sell order in after it has already "tanked". Your order doesn't get filled so you let it ride until the next day hoping to sell off on the open. You go to sleep and wake up to see the Co. had said that the previous PR was false, and you hurry to cancel the trade. TO LATE ! you've sold out. At this point the smart investor would look to see where the stock was before the false news was released and current stock price is still under that he would buy back in, thus raising the price levels.

the PR that was made was just a added bonus.

if I was investigating this matter, I would look for the individuals who made 'false' PR to have had ties with either 'insiders or the PR firm.

It is NOT just a coinsidence that the 'false' PR was made right before the Co. made the true PR. It was a obious stategy to lower the price buy in and sell off when the 'real' PR was to be released. WE JUST JOINED THEM ALONG FOR THE RIDE.

RE: ZE, if I was going to buy a option it would be the MAY 12.5
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