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Strategies & Market Trends : Shorts waiting to happen
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To: Peter Shaw who wrote (658)9/9/1996 4:30:00 PM
From: dppl   of 852
 
Peter, I bought January 55 puts today. I figure it's a pretty safe if also dumb move if you look at the volatility over any 4 month period (and we have just made a high). I'll add to the position as the bad news is (may be) confirmed. I'm waiting for GATE to try a runup to buy puts there.

I'd be surprised to CPQ make a new high now... Even with the market helping.

Thomas
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