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Strategies & Market Trends : Giant LEAPs...

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To: HC who wrote (143)5/9/1997 7:07:00 AM
From: William H Huebl   of 315
 
Hi HC,

I am trying to get into MCIC TODAY at 1/8... the pricing reflect the value of the option on Monday and therefore I don't want to lose that vallue over the weekend, if possible. When you go after short term options, I think you need to look at scalping techniques which means you pick up the option on an extreme move (in this case an excersion beyond one of the MA lines) to improve your chances of being right. I will put a price of 1 on it immeadiately after purchasing it and, based on my review of the stock and how the general market is performing, may increase that to 2 - 3 over the weekend if I do not sell it today.

But my chances of picking it up are very low...

Regards,

Bill
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