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To: TRCM who wrote (139946)8/19/1999 11:09:00 AM
From: edamo  Respond to of 176387
 
trcm.....slap on the sticker...maybe "sticker shock"?

look back to my postings from february.....stated range trade +/-40.......yesterday volume, move the range +/-44..........44 is the number.......not 45...........has to do volume at 44-45 to clear out short term (since february) supply.....sell puts as the stock goes below 42......calls as it approaches 48.....nothing mystical...just supply and demand and profit taking.........unless the "perception" changes.....until then ho-hum......use option sales to offset flat price...