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Non-Tech : Invest / LTD

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To: drsvelte who wrote (3186)	9/22/1998 12:26:00 PM
From: Thean	Read Replies (1) of 14427

Doc, I concur with LT with his assessment of INTV. After glancing at its chart and PE, don't you think it was the evil tower's reincarnated twin trying to poke through the likely double tops? I tried to place a Nov 22 1/2 put earlier at 1 3/4 on when the bid - ask was 1 5/8 - 1 7/8. Then it went to $24 1/2 and the same put spread became 1 3/4 - 1 13/16! Not only did the MM raise the premium, it did so against my trade. I then pulled my order and the bid-ask went to 1 3/4 - 2. It shows all signs of MM evils you know what I mean? From now on INTV will be known as the Evil Bell. I'm tempted to short it outright as well. The order is in at $24 3/8. Put AFS, shorted KRB, put NKE today, short FGII today. Will cover FGII if it runs above 16 1/2. Gold stocks remains truthful to its inversed relationship against US$ (primary) and DOW or SPX (secondary).

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