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Strategies & Market Trends : Action & Options- Taxikid plays

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To: taxikid who wrote (1928)	9/9/1997 10:11:00 AM
From: (Bob) Zumbrunnen	of 4339

Is anyone looking at CNC puts after the Ray Dirks report from yesterday? He's calling for it to get down to 8 short-term and 1 long-term. It's about 46 right now. I just don't see it happening and the market doesn't seem to agree with him either. Puts are still cheap, and stock looks to have decent support. Have been considering Nov45 and Nov40 puts, because they'd move up several orders of magnitude if he's right, but right now I'm not willing to bet one thin dime he's right.

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