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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Frederick Langford who wrote (8243)6/18/2002 11:33:35 AM
From: Dave Gore  Read Replies (2) of 16631
 
Yep and expect lots of volatility prior to the B2B number today. Many people know what's at stake with options expiring Friday and two big reports coming out tonight.

There is wild action on AMAT calls for instance, and many others with even higher volume.

It'll be fascinating for instance to see if the big boys take to BUYING, rather than WRITING calls toward Market close like they did on May 7th and early on the 8th. If they don't in a big way, then it will probably finish near strike 22.50 or 20.00 if the B2B is not exciting enough.

Bear in mind the B2B is a lagging number, so it might have less effect than some are thinking, but then again it could be used as an excuse to rally the SOX Wed. if the Big Boy decide to buy calls. Remember how they enticed the Markets to rally on May 8th on mediocre CSCO earnings? Well, they can do it again if they want to and it's not even hard. They just use the specialists or the media to get the ball rolling.

So complicated, isn't it? LOL!
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