Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (13692)	1/31/1998 10:51:00 AM
From: Death Sphincter	Read Replies (1) of 94695

james..i don't think your take on APM is off the mark. your logic on the short interest profit taking is sound. on APM's initial crash i was looking for a test of the $8 range which was the bottom last summer.many of those shorts that did not cover a few weeks ago when APM hit $10 are saying "damn, i should have covered at $10". i'm looking for a retest of the $10.50 - $11 level at which point i will seriously consider some short term Calls. been doing options successfully for many years and your not at all crazy on this one. options are a gamble but i think this is a pretty good one. if they don't test the abovementioned level and take off first...so what...i missed that opportunity but there are dozens more all the time. good luck carl

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