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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Uncle Frank who wrote (8832)10/25/1999 3:23:00 PM
From: StockHawk  Read Replies (1) | Respond to of 54805
 
>>Back to doing magic tricks, Merlin? You pronounce that Gemstar is a Gorilla and the stock goes wild the very next
morning (rtq +4 1/8). It's hard to ignore the possibility of a causal relationship. <<

Uncle Frank,

That is what I was thinking when I made the post last night about the unusual options activity on Friday in GMST. It was a sign of the market being out in front of the news - savvy investors likely reasoned that Mike was back from vacation. He had shown interest in GMST before leaving, and had time to reflect on it while away. It was a good bet he might make the gorilla call, and I think people loaded up in anticipation.

With people like Greenspan, Buffet and Buckley you have to anticipate what they are going to do and act preemptively.

StockHawk