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To: Glen2 who wrote (50378)1/21/2000 12:42:00 AM
From: TREND1  Read Replies (2) | Respond to of 53903
 
Glen2
Hal indicates a 78% probability that the low will be 69 3/4
Hal also indicates if 69 3/4 is not the low, then it will occur either Friday or Monday.
Hal also indicates a 99% probability that the low will be above 60 5/8
Hal also says it is your money !
IT IS YOUR CALL !(g)
Larry Dudash



To: Glen2 who wrote (50378)1/21/2000 9:36:00 AM
From: John Graybill  Read Replies (1) | Respond to of 53903
 
Has everybody gotten an email from me lately? Check all your addresses.

Yes, I am thinking about putting on a short position today with a Feb 80-90 call spread (at a cost of about $2.50) as blowoff insurance. The call spread would represent more shares than the actual short position.

Whoops, 71 1/2 at the open!

----------------

edit at 9:37 -- never mind, it went straight to 70 in less than four minutes, now IMO it's the "Battle of the Big Blocks" at the bid and ask to make sure it doesn't stray more than 1/2 point from 70 for a couple of hours. so much for getting a short off -- I don't think there was a single uptick in those first few seconds.



To: Glen2 who wrote (50378)1/22/2000 8:54:00 PM
From: Knighty Tin  Respond to of 53903
 
Glen, You are talking about buying a straddle in options, both long calls and long puts. In all honesty, MU has been volatile enough in the past to make money doing this. In general, I don't like straddles, as I'd rather bet one way with twice the bet. But it works on some of these stocks that bounce.