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Strategies & Market Trends : Canadian Options

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To: Barron Von Hymen who wrote (95)1/31/1997 5:21:00 PM
From: william smith   of 1598
 
I'm watching CCO and charting daily. This stock has wide swings and I try to time this stock. I sold 10 Jan. 50 puts when the stock hit mid $52 dollar range. I felt 49.5 would of been real cheep. Than the stock headed up to almost $60. Then this baby is sliding back and I'm going to watch and see if it breaks it's 52.50 support level. I love to watch this stock slide down to 50 dollar range but I can't see it dropping this low. I'll jump in when I see a trend shift in the short term. With Feb. coming up (Canada's Jan effect) I believe mutral funds and index funds (CCO is part of the TSE 300) will look for cheep
stock and this stock is a cheep blue chip. The option perms. are good and I'll sell my calls.

Will

P.S. ABX will control Busang and this stock will rebound. I agree with your assessment on Gold. But think back to Last Jan and Gold was over 400. That can be next Jan.
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