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Strategies & Market Trends : MDA - Market Direction Analysis

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To: KM who wrote (4727)	1/27/1999 1:25:00 AM
From: Richard J. Byrd	Read Replies (2) of 99985

Trufflette: <The smart money is currently selling extremely expensive > <calls to the public...Look for call option writers to clean the > <pockets of call speculators over the next few months > - - - - - - - You know, those dumb, day-trading speculators who bought the IBMCS call at 6 7/8 today and sold them at 8 7/8 were really nuts. They only made 30% on their money in 6 hours. You know that's only about 9,000% a year. Wow, are they stupid. Dick

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