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Strategies & Market Trends : The picks

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To: Shawn Murphy who wrote (2212)	1/17/1997 4:19:00 PM
From: Shawn Murphy	of 6124

******** TO ALL ************** RE: PRGS today..... Today was a pure option play on PRGS, I had mentioned on a post last night that there was something "weird" going on here. Speculation of news was almost guaranteed to cary the stock price over $20.00 the play was on the Jan. 20 Calls. this morning the Jan.20calls (RGQAD) were at 1/16 if you remember my previous posts RE: "gambeling" & "slot machines".. 10 contracts of the RGQAD @ 1/16 would of cost approx. $62.50 + fees at the high of the day on the "bid side" RGQAD was 7/8... a sell at this point would of net: 10 contracts of RGQAD @ 7/8 would of net approx. > $875.00 - fees. that is a return of 1400% on ONE TRADE. YOU MUST LOOK FOR THESE OPPORTUNITIES ! I thought that lots more people would of been paying attention today and yesterday... if you missed this time we'll try to get the next one. GOOD LUCK.

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