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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (20714)7/3/2002 7:07:57 PM
From: TobagoJack  Read Replies (1) of 74559
 
Hi Pezz, <<Sold DROOY @ 3.56 ... learned my lesson and will move on...>> Hmn, must be time to buy:0)

Last night's report, shorted more NEM December 20 puts (last round of same put short was only partially executed at price specified), and, yikes, also shorted initial batch of Comcast January 12.5 puts (i.e. tossed a grenade into the darkened and whispering basement, waiting for it to get tossed back). The premium on CMCSK seemed rich; but then the premium on WCOM and ENE must have seemed rich at one point in time.

Chugs, Jay
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