Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (6412)	3/23/1998 11:06:00 PM
From: Walter High	Read Replies (1) of 120523

OK, Jenna, I'll follow up. Last night I recommended either shorting the railroad stocks or buying puts in the face of increased oil prices. Today I bought puts on BNI (April 105s)at 1 15/16. They closed today at 2 1/8 by 2 3/8. The stock itself was down 1 9/16 to close at 105 1/8. The other one I mentioned was UNP which closed down 5/8s at 54. Joe: I didn't forget the airline stocks, I just figured they were so obvious that they would probably open way down quickly and it might not be possible to get in before the drop. I thought the railroads might be a little slower to sink and afford the opportunity to get in without missing the drop. Walter High

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