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Politics : Idea Of The Day

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To: Michael Rich who wrote (22822)1/21/1999 10:57:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Opportunity trade-- a dead cat bounce to 130 on AMZN- and 320 on Yahoo- expecting to make some money here using DOT as a proxy to pay for my long calls- so actually it is a hedge investment. DOT is a 60000$ contract and I am exploiting what I think was an arbitrage-

I saw 80 as a 50 days support on AMZN and 245 as yahoo 50 days support. If all hell breaks loose I am out of nothing as DOT long calls I have sold will take care, on the other hand if my theory is correct I will be able to have some good run,, last not least owning AMZN at 80 is not like owning AMZN at 199... whereever excesses are committed in my opinion we have an opportunity..
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