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 (42)	12/31/1996 4:21:00 PM
From: Brian Hornby	of 84

Wiley: Sold my OEX puts for 9 1/2, bought at 6. I still feel some more downside is in there, things are looking pretty ugly at ths close - I won't be surprised if there is a further sell off on Thursday. I am going to stand aside and wait to see what happens then. I am looking for more correction, especially in tech stocks, before I turn bullish. Given that - Iomega looks bullish - nice action today that should carry over on Thursday. Calls near the open may be profitable. I bought some shares at 17 today... Anything you are excited about right now? Brian

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