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Technology Stocks : Remedy Taking a hit why?
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To: Larry Abrams who wrote (62)1/27/1997 4:54:00 PM
From: Dan Berger   of 763
 
As promised.

I bought a few FEB 50 PUTS this AM when the stock was around 48.
Stock down 1 3/4 at the close. So far, so good.

If the WAGE REPORT tommorrow AM is "better than anticipated,"
I will hedge my PUT position by buying a FEB 45 CALL.

If the WAGE REPORT is "worse than anticipated," I will buy more PUTS,
probably the FEB 45's.

Then I want to watch the action in the stock during the day, especially right before the close before deciding what to do next. There should be a way to make money here. CSCC traded up 1 1/2 to
2 points all day Thursday before earnings. Then, right before the
close, it dropped back and closed down about a point. If RMDY behaves
similarly, I'll add alot to my PUT position before the close and hedge
(if I haven't bought a CALL already based on the WAGE report).

Should be an interesting day!
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