JANUARY 1997/BEST OPTION PURCHASE Message Board

STOCKTALK

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Strategies & Market Trends : JANUARY 1997/BEST OPTION PURCHASE

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To: wiley murray who wrote (48)	12/30/1996 11:54:00 PM
From: Brian Hornby	of 84

Wiley: Well the action near the close was not encouraging for the indices. I am holding OEX Jan 720 puts, bought at 6, closed at 7 3/8, hoping for big things (down) tomorrow. Just a nice little correction and then I may go long again.. Zitel is wild - tomorrow will be interesting - a dead cat bounce would be worth shorting, otherwise if the panic continues it may be even worth a short term buy. Though if it continues down to 20 dollars I won't be surprised... CA does look like it is firming here.... Brian

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