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Strategies & Market Trends : Action & Options- Taxikid plays

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To: Blue On Black who wrote (2414)10/21/1997 7:08:00 PM
From: Hans   of 4339
 
Lee,

I see i'm a little late to the draw. I was going to post that ctxs may be in for a fall. It's one of my favorite companies (bought at 12 & then bought calls and more calls) but a PE of 60 is surreal.

I was going to suggest waiting a few days or weeks for a the runup to finish. Perhaps your "live cat fall" plan will pan out though. Someone has to want to take profit after a jump of 14 points.

Also considered buying upstrike calls and then shorting.

hans
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