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To: William C. Spaulding who wrote (144263)	10/9/1999 11:32:00 AM
From: Sig	Read Replies (1) \| Respond to of 176387

<<<I think it would be hard to make money with options in this market, unless you're writing options.>>> I assume you still like to deal in large numbers of low cost options as you discussed here in 1997, where I am one who deals in small quantities and does not care so much what the option costs. Still, I now take my cues from the quote. com presentation of options trades and look at it in this manner: AOL has been by far the most recent leader with volumes up to 15000 per day, 1000 or 2000 at a time. That action began about sep 17, then sep 27 and is still going on. The AOLJR has moved up from $3 to $11 to $32 I think a person can distinguish the buys from the sells by the stock price at the time of the trades. IE, Aol was at a low when the rapid trading began. So it was a buy of the options, and there are huge sums involved. Somewhat similar action can be seen in the YHoo Oct 190 call- 12000 on Oct 5 at $4-$, the Wcom Oct 75 call, 12000 on Oct 5 at 1/2 is now 2 3/4, and the DLQJI at 7/16 is now 1 3/8 Summary This merely shows where i look for clues on options The AOL bets were solid as a rock. The Yhoo trades were the result of good earnings, was worth a bet the day before earnings Wcom was smash at the low point of the stock etc. Am sure you know how to handle the rest of it. When to sell is a bigger problem then buying. I happen to sell some when they are well up after keeping them for several weeks. In observing the major AOL trades it appears that some traders sell about 1/2 in the same day when they have nearly doubled or when the market turns down. Whether AOL, YHOO, Wcom will continue up is anybodys guess They do appear to be back in favor so it depends upon what the NAS does. Sig

To: William C. Spaulding who wrote (144263)	10/10/1999 8:59:00 PM
From: Mick Mørmøny	Read Replies (3) \| Respond to of 176387

Re: I'm still expecting a big decline on Oct 13. It's tradition. Indeed, October is well known for its crashes and corrections. Will the market surprise us this time? We got by the Fed when it did not increase interest rates at the last meeting. Company earnings preannouncements and corporate earnings reports, however, continue to come out. Additionally, jobless claims, PPI, options expirations, among others, are on this week's calendar. Almost anything could cast a spell for October. Ms. Spaulding, those Form 1040s were a neat idea for a picture. So, in keeping with tradition, here's a lovely bouquet of flowers with you just in mind. :-) cnnfn.com Mick $$$