WILL COCA-COLA ALWAYS GO UP? Message Board

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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP?

KO 72.88

+0.4%

Nov 26 3:59 PM EST

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To: Jerry Miller who wrote (600)	8/11/1997 11:48:00 PM
From: Village Idiot	of 1462

Are you adding to your KO position right now or are you waiting for a bottom. I think we had it on Monday. Tueday should be a bit a up move (+1 point) and we will the see a big up move on Wednesday & Thursday. On a Intraday basis we have had a 18% pullback from the high of 72 1/2 to the low of 59.5 today. A nice bouce up to 67 would be in order with a pullback to 65 on option expiry day. Did anyone read the WSJ option report on KO involving 5000 contracts on the SEP 60 Calls & Puts. The jist of the article is that the transaction is somehow a negative for KO. Who sold him the 4500 put contracts? Someone who thinks KO will go up. Why did the investor buy 5000 call contracts? Because he thinks it may go up. The whole thing is a zero-sum transaction and it is just another example of the crap these guys put out on a regular basis in order to infulence the market. Three weeks ago the article would say that the investor is so confident of KO's short term upside that he sold his stock and bought a bunch of calls and also some puts for downside protection in the unlikely event of a correction It is interesting how the same facts can be made to appear to have the direct opposite meaning. Another laugh is the currency issue. KO is getting hurt due to the rising dollar. When the dollar drops, KO is getting hurt due to foreign investors dumping the stock. Again, three weeks ago KO is protected from currency effects by being in so many countries. What does this sound like to you? To me it is MANIPULATION OF THE PUBLIC by the crooks of wallstreet.

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