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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (7217)	7/27/1998 11:37:00 PM
From: Sal D	Read Replies (2) of 29382

Sergio, APCO options, not much time tonight, sorry. If I was planning on a quick pop lets say 11 or 12 in 3 to 7 weeks I would probably be going in on the Sept 10s @ 15/16. But I like to play it much more conservative lately and buy out as far as I can. I feel the safest bet is the Jan 7.5s @ 3. You don't get the big pay off on the quick pop but you do still get a good return or can still ride it if you like. Also if you don't get the expected results in the short term you are still in the game and odds are that you will get some spike in price between now and January to capitalize on. I will say in APCO case the Jan 10s @ 1 11/16 look very good also I feel the extra risk may very well be worth it when that spike does happen. I would like to discuss options at greater length but work is just out of control right now, maybe over the weekend. Good Luck. Joe

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