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Technology Stocks : Remedy Taking a hit why?
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To: Larry Abrams who wrote (62)1/27/1997 12:44:00 PM
From: Dan Berger   of 763
 
Re: straddle.

I'm interested in this play also. I recently felt
exactly the same way about CSCC (BIG UP OR BIG DOWN)
after earnings report. On CSCC I bought FEB 65 CALLS
and FEB 60 PUTS. After earnings the stock dropped
23 points so I made enough money on the PUTs to more
than offset the original cost of both the PUTS and
CALLS. Net effect = a quick double on my money.

However, it took a massive drop for this strategy
to be effective. Today, I'm researching a better way
to play this straddle for RMDY.

Also, it will be important to see how the stock behaves
today and tommorrow, and the impact of the wages report
on the overall market. Whatever I decide to do, I'll
post it here.

Good Luck!
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