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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (15458)9/9/1998 11:03:00 AM
From: Justa Werkenstiff  Read Replies (2) of 17305
 
Andrew: Re: "Now that we saw today's rally in the stock market, we should be very careful not to fall into a Bear trap. We have a triple witching Friday coming real soon and a makings for a nice Tech Options Friday Takeout by the Big Boys again. Remember last month's discussion of this. Protecting profits should be the uppermost thought in your minds right now."

Could you go into some detail as to how the big boy takeout works?
I have a vague idea, but would appreciate your view. How far in advance of the options Friday do you normally take your profits? Do you do this with every trade you have going or selected trades? Is your nickname "Radar<GG>?"

PS: DY did a piggyback when it was in the low 20s. Stock weakened for a time thereafter. I am out as well. I chose ALNK over MTZ. ALNK recently announced a buyback. What would be your DY rentry price?
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