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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jim Willie CB who wrote (4665)9/30/2000 8:25:55 PM
From: Sully-   of 65232
 
"when an option asking price does NOT come down as the common share slides, that is a sign of big strength"

Same thing happened when I got my Dec $80's..... had a low ball bid in & watched it come close with EXTR in the $80's..... I held firm & the bid remained above mine into the $70's.... then it seemed like a little paniced CC's folks stepped up & took what was out there..... I noted the bid ask didn't move up much until it was back in the $80's again too.... then it took off.

FWIW

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