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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.872+4.5%Dec 4 3:59 PM EST

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To: Steve Fancy who wrote (466)12/1/1997 6:28:00 PM
From: Weekapaug  Read Replies (1) of 22640
 
Steve,

As I get blown away and you clean-up. I took seriouly what you had said about someone selling puts. Last minute surge? Does that mean we're in for more tomorrow? It seems volume was on the light side?

If my thoughts are correct? There was alot of PUT buying, not selling, or call writting, (like me) and the market maker is pushing it up? Gotta takeout those not believers who think it can come back as fast as it is

Touche' you win round one!

Actually I think you'll win your put writting of 95's. But, as you say don't break your rules and go for the kill, you'll get burnt. Must come from experience?

Best Regards
Ken
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