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Strategies & Market Trends : Tech Stock Options

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To: Pascal A. Mons who wrote (2087)	5/29/1996 6:34:00 PM
From: Michael Hillman	of 58727

Pascal ... Now you're just getting catty ...not something I expected from an intelligent man . My "impressive intuitions " aside ..I will pass on my observations of the last big run . The pattern repeats ...the beachball is forced down early in the session ....on Wednesday buying pressure was too strong and the ball was released ..to climb to an incredible level . The Jun50 puts I sold for 8 ...hit a price of 4 at the height of the close ...a lot of money was paid out here ...an opportunity that never presented itself again .The stock closed on a major buying spree...but in small numbers .. On Thursday the play repeated ..this time the ball was held down long enough to prove that support could be broken ..the stock was driven down about 5 ...and released ..to play with market forces ..it still closed down a couple of bucks on the day ...and put premiums never gave the spread of the day before . No buying rush at the end ..but churning On Friday ..the ball was forced a long ways down ..but kept getting released to allow for buyers . Well control force knocked it down ..allowed it to get back up ...and knocked it down ..I bought my 2 puts at noon ..for 8 bucks ..and left ...the end was obvious ...I assume we finished on a wave of selling Which of course continued yesterday ....and for most of today ..until the major buying spree at the close .My insights for tomorrow ?? Well the makers are in complete control again ...I agree with Judy ..a repeat of the beachball play in the morning ..but a very quick release ...and a climb ... ..It has traded an average of 14 million shares a day ,,,for a long long time ..It won't just lie down and die now . To catch any kind of dip tomorrow ..will have to be well timed and early ....those 10 point spreads are much easier to identify ..after the close .. Now that the traders have a stock that moves ..in a flat to down market ...when the Naz closed down 10 points for the second day in a row ....why on earth would they walk away ????????Now ...???There's millions to be made .. Final word Pascal ...this stock moves ..with strength ..up ..down ..who cares ..it moves ..and money is to be made . Buy calls ..buy puts ..sell calls ...sell puts ..just watch the stock ..and you can make money .........at least I have .....

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