Giant LEAPs... Message Board

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Strategies & Market Trends : Giant LEAPs...

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To: Rick C. who wrote (132)	5/3/1997 6:22:00 PM
From: William H Huebl	of 315

Rick, I have been properly chasened by Jerry... he pointed out that NVLS was in a move up, that I am a conservative options trader and that it is against my rules... so I can't buy puts. But my observation of NVLS moves leads me to believe it will tank at least by 5-8 points after it moves up another 3 on Monday... I could be wrong. HM is making me nervous... only because the gold nuts are unpredictable in what they do. Gold is in a long term slump, regardless of what Archie Bunker (ooops, Crawford) tells us. Gold hit another low this past week. But did HM. NNOOoooo. So this is what I am dealing with and who knows if it WILL tank for sure. I increased my put sell price by a 1/4th to correspond to the drop against the interchannel Raff trend line I expect it to get to. We'll see. Good luck on your NVLS. As for MO, if it EVER gets below 37 on a close, abandon all hope. However, a VERY reliable, albeit late, indicator I use is about to go positive on MO if it can just keep it's head above water. It may try a bounce against the 37 1/2 level and a move to the upside after that should make it safe for the next month or so. I expect we need to get past options expirations before it can really start to move. Regards, Bill

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