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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Rose who wrote (27889)	9/29/1999 5:32:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Robert, i was actually trying to buy it in the morning when i saw the first big orders coming in(before i knew of the press conference) but it slipped past my limit and i don't chase after stocks in such instances out of principle...as it turned out, i should have chased it <GGG>. anyhow, when volume blew past 70 million i entered a limit order for some puts...and right on time i might add. my calculation on option trades in the nutz is simple: whether puts or calls, i usually buy them when they seem extended to either the downside or upside. i don't have to be right every time, in fact being right one out of three times usually is enough to wind up with a decent profit since the stocks always move big in a relatively short time. regards, hb