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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (7811)4/24/1998 4:53:00 PM
From: Bald Man from Mars  Read Replies (1) of 18691
 
<<>It is a pretty good return going from today's 33 to 20 in
less than a month.
Are there options trading for this dude.<

Please notice my estimate is just a wild guess. Take it with a
grain of salt. I don't know for a fact bad litigation news are
coming. This is just my best guess. The 10Q was out today. I will
read it now.

pancho>>

I took a quick look, it does have options, assuming
it takes more than a month to go from 33 to 20, so
I have to buy the June puts,
------------------------------------------------
the June 30 - 2-1/4
if it goes to 20 - it worths at least 10
2-1/4 to 10 - 344% increase
------------------------------------------------
the June 35 - 4-5/8
if it goes to 20 - it worths at least 15
4-5/8 to 15 - 224% increase
------------------------------------------------

Okay, before I go in, Pancho-dude, telling me if you
can guarantee to get to 20 within 2 months ...
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