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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (74159)	11/19/1999 11:42:00 AM
From: Tim Luke	Read Replies (1) \| Respond to of 90042

NN..officialy closed at 20 then ran to 24 in after market..NOW keep in mind we are talking a bout a very thinly traded market in after hours....so lets take a harder look at this....very light volume ran NN up to 24 from the close of 20....now for fun lets say the specialist shorts a bunch in his own account at 23/24...then opens the stock down at 21 1/2 BUT if you go by the official close NN is really up on the day....so lets say he covers his shorts...now he is picking up stops and sellers...when he is done...let it run.. dirty game

To: JakeStraw who wrote (74159)	11/19/1999 11:43:00 AM
From: R.E.B.	Read Replies (2) \| Respond to of 90042

If NN goes to $19 again, I'll buy back in. If CS pulls back below $22 again, I'll buy more. I usually sell the CS and NN calls in the morning because they typically open high and make a little run and then pull back around lunch time. Also, if CS makes a good run, ie., up $2 or more, I write the covered calls on some of my CS and wait for the pull back and then close the position. I'm thinking about selling some way out of the money puts on CS. Seems to me like money on the ground just waiting to be picked up. What do you think about selling some December $20 puts on CS??? I think its easy money.