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Politics : Idea Of The Day

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To: thebeach who wrote (9234)	9/9/1997 3:37:00 PM
From: J.T.	of 50167

beach, I have been straight up with AMTX: post 8066 and 8070 I said sell have your position near $17 3/4 area to $18. See also post 8202 and 8434 for my latest stance. AMTX must hold $16 on a close or we get "wash-out" play which will bring me back in. If you are in Sep 17 1/2 calls you are going to need some help from AMTX boys for news or MM's for action. This thing is gona be stuck btw $15 and $17 1/2 area until after Sep option expiration UNLESS MARKET NEWS DEVELOPS TO PROPEL THIS FORWARD> In any event, for Sept contract only, get out first time stock hits at $17 1/2 btw now and next Friday and roll into Oct or Jan contract. Nov contracts may come out after Sep expiry. JT

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