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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Ploni who wrote (10047)6/15/1998 4:58:00 PM
From: Joey Two-Cents  Read Replies (1) of 18691
 
Be careful with an option that expires so soon. With a selloff will
come the suckers rally that will carry us through the fall, wouldn't want to see you lose your money. I see the prolonged selloff starting late 3Q 98 through 2Q 2000.

I see the NASDAQ is down about 15% since 1Q and the S&P is down about 4%. Mr & Mrs. Mutual Fund are going to hit the roof next month when they get their statments. I picked up some ENMD Nov 17 1/2 puts on all the recycled cancer cure hype and with all the insiders selling. IMO this one should be at least below 12 by November (unless they have a cure).
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