Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (34496)	4/19/2002 5:39:51 PM
From: Susan G	Read Replies (1) of 52237

From Bernie Schaeffer's comments today... It was a large-cap, blue-chip kind of day. You could almost hear the analysts on Wall Street as they looked past Microsoft’s earnings report. “Negative earnings? What negative earnings? I don’t see anything wrong here.” Despite a slew of lackluster news for the quarter, two brokerage firms upped their ratings on the software giant, including one who checked in with a “strong buy” rating. This was likely nothing more than the usual song-and-dance routine to prop the shares above the whopping 63,700 put contracts at the April 55 strike. With MSFT closing at 57.20, the plan appears to have worked. These contracts expired worthless, allowing the sellers to retain all of the premium collected. schaeffersresearch.com

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