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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (13596)11/6/1997 10:07:00 PM
From: MonsieurGonzo  Read Replies (1) of 50167
 
Ike, take a look at the GE daily chart...

...thing made an Evening Star on Wednesday, followed by a Doji Candlestick today. Looks like the short-term UpTrend may reverse here (according to these Japanese tea leaves). As GE is the largest cap stock in America, and major component of the DOW, I think twice before buying GE DEC 65 PUTs (GEXM, 1-1/2 x 1-3/4 ask, 1-7/8 last, 450 contracts today). But, in lieu of anything better to do on a rainy day in Paris, it seemed like an interesting play.

-Steve
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