The ultimate play:STRADDLES on earnings announcements. Message Board

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Strategies & Market Trends : The ultimate play:STRADDLES on earnings announcements.

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To: farouk a. hassieb who wrote (38)	7/15/1996 11:36:00 PM
From: Jeng Chiu	of 140

farouk, I still think you're analysis is right on the money. The problem is any Tech stock w/ a PE over 30 is getting hammered, good earnings or not (i.e. Ascend, Cascade). Intel will have to deliver BIG tomorrow. We need explosive earnings w/ a rosy forward statement. Otherwise the market will collapse further. MSFT, Intel, and SUNW will have to save this sinking ship. The good is going down w/ the bad. And that's a scary thought. My analysis: If Iomega delivers good earnings, look for a quick gain as shorts cover. That's when I'll probably buy August Puts. ( I may even sell short). As people take profits to avoid the precarious market, the stock will fall and I'll buy some October calls. This may require impeccable timing as the good news may only last a day. Maybe only a few hours. Your thoughts?

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