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Strategies & Market Trends : Covered Calls

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To: tchphysics who wrote (60)5/15/1998 8:53:00 PM
From: Robert H.   of 86
 
Hi Jeff,

FPAM or ...Da SCAM. ???

Everything looked pretty good. I was just one that got away. Always some more lessons. ..I Almost bit the bait. I've been caught before.

Aside from the analysts, which I've long since discounted. I believe the real indicator on this dog was the # of Institutions that held the stock (206); and the percent of shares that they held (78.6).

Note that the huge gap down was a done deal before anyone could react to it. ...This is all institutional selling.

I expect to see quite a bit more of this kind of theft in the coming months. One might try to keep away from stocks with excessive ownership by institutions.

Just some food for thought.

Robert//
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