Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP Message Board

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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP

SPLS 10.25

0.0%

Sep 28 5:00 PM EST

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To: jim clabaugh who wrote (134)	7/9/1997 6:40:00 PM
From: Joe Waynick	of 297

Jim, you're too late! Just for grins, before I went on vacation to North Carolina to visit family, I put in an order to sell the July 17 1/2 ODP for 5/16 and it executed before my plane landed! I saw (still see) NO WAY ODP could close at or above 17 1/2, with a lower than estimated earnings announcement expected during expiration (payday) week. I figured I'd grab as much of those friendly call buyers money as possible before the next DIP(PITY). However, I'm not sure I'll DO anything until the options I just sold expire worthless (it's only 5 days). But, then angain, anything's possible. Look for a dip the week of the 13th after the earnings announcement! On the other hand, I could be wrong, and OPD shoots back up to $18.00 and I'll be "STUCK" with my current profits when I'm called out...Naaah! ;-))

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