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Strategies & Market Trends : Continuing the IFMX discussion and more...
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To: Melissa McAuliffe who wrote (139)9/4/1997 3:00:00 PM
From: Robert Graham   of 206
 
Looks like there is renewed buying interest. There have been alot of prints comiog through at the ask price and the activity has increased on this stock. It just may break through 61 today. There is still one hour left of trading on this option. Last I checked, you could sell the option at 3 1/4. I suspect this has gone up.

I sold my options at 3 1/4. If it were not for the over 50% profit that I made and the odd market conditions, I would of held on to my options. If I were in your position, I would consider holding out for a 50% profit too. This stock looks like it has more of a move up to go and you have over 2 weeks left on the option. By no means let the minute to minute price gyrations throw you. This type of short term trading definitely gives a person an opportunity to work on their discapline. I would say there is a better than 50/50 chance in the stock breaking through 61 by the end of the day.

Bob Graham
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