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Strategies & Market Trends : Options
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To: Poet who wrote (607)1/3/2000 7:44:00 PM
From: RocketMan  Read Replies (1) of 8096
 
I've also got some May 60's, but I couldn't resist the August 85s as well, they're giving them away at $9. A few thoughts:

1. The TA for GMST doesn't look great right now (vendit where are you). So I expect continued consolidation for another week or two, which makes this a good time to accumulate.

2. Earnings are Feb 15

3. Tech stocks are traditionally weaker in the summer.

4. The GMST/TVGIA merger probably won't have further announcements for a while, I suspect they may have a lot of competition issues to answer to the FTC. This means August is probably a better bet than May for GMST to make a move.

1 implies accumulation should be good for the next couple of weeks, then expect an earnings run from the end of Jan through the first week or so of Feb. That might be a good time to roll over into August calls.

3 implies another accumulation period, maybe in June or July, at which time it might be good to roll out to later months, to get ready for hopefully a super 3rd and 4th quarters.

JMHO
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