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Strategies & Market Trends : Canadian Options

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To: Lloyd R who wrote (1482)	2/17/2000 6:37:00 AM
From: Porter Davis	Read Replies (2) of 1599

Nothing like a $14 range to rattle your fillings. Interesting day with BCE yesterday, to put it mildly. Seems the market had a tough time assessing the news of the Teleglobe purchase. The initial reaction was certainly negative, but then it turned around and went up like a homesick angel. At some point, everybody was right. These are surely the 'salad days' for option traders. I'm going down to Montreal for a few days for a look-see this Saturday. Still hard to believe that it's actually going to happen. I can tell you my family is not pleased at the prospect of me being gone five days a week, and I'm certainly not looking forward to the commute. I still can't believe the shabby way the TSE has handled all of this, first the absolutely bone-head decision to pay Montreal $41 million to take derivatives, then the totally callous way they have handled the disruption of all of our lives. To my recollection they haven't even officially told us that we're going, or when. If the government or de Havilland acted this way they would be sued, no question. The other guys on the floor are always ribbing me for my aphorisms, but here's today's: A clear conscience makes the softest pillow. Happy trading. Porter

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