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Strategies & Market Trends : Option Trades
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To: zx who wrote ()4/22/1999 7:22:00 PM
From: Mark Erik Blair  Read Replies (2) of 2341
 
I'm not Steve Harmon or anything. But at the beginning of the week on Tuesday morning after the big fall, I purchased call options on RNWK, CMGI, CNET, SDTI, and EGGS. I think EGGS may have been a mistake, but I still view them as a possible Amazon.com acquisition. RNWK, CMGI and CNET have all made me money. SDTI hasn't and that sucks cause I just have some extraordinary hunch that they will be a $40 stock in a month.

So the picks of a Novice if anybody even cares:
Calls on:
1. CNET: stock split may herald these guys to $200 soon.
2. CMGI: stock split and my favorite net stock could easily see $300 again.. even in a week or less.
3. RNWK: It's got hype if nothing else.. plus a split coming up.
4. SDTI: A long shot. But buying an option for this baby to hit 30 by july could yield over 2000% profit if they actually do.
5. EGGS: All they need is one rumor of AMZN or someone else taking them over to hit at least $25. Plus, their call options are among the cheapest around.

Good Luck,
Mark
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