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To: Cosmo Daisey who wrote (7281)3/13/2000 3:53:00 PM
From: Dealer  Respond to of 35685
 
Every thing tanking but ELON............!!!!!!!! Wonderful how it is holding up. Naz down 127.....and ELON just jumped the fence to the green.

dealer



To: Cosmo Daisey who wrote (7281)3/13/2000 5:04:00 PM
From: Sully-  Respond to of 35685
 
Hey Cosmo,

I am thinking of a similar strategy on CREE. I've been following it for a spell & now that our TA guru Free Willie is bullish on CREE near term, I thought I'd go that same route. I'm sort of taking the casino angle on this one.

My plan - I got in @ $185 9/16 - wait on that run to happen & sell ATM's one month out. If i get called, Thank you very much. If I don't, sell ATM's one month out until they get tired of paying me ;-)

I feel like a whore :o)

But I'll take any money that's being given away ;-)

wstera_02@show-me-da-money.com



To: Cosmo Daisey who wrote (7281)3/13/2000 8:40:00 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 35685
 
check out this post, bullish put/call ration contraindicator

Message 13188953

on Poet's options for G&K, got front billing for SI Board

Nasdaq index option puts outnumber calls by over 7:1
this is extremely bullish in contraindicator fashion
the reasoning is that at extreme levels, the final gamblers roll with dice when the game is largely done

they are usually wrong, being the last players to the table
despite NazComp's down move today, I think we cleaned some riffraff out, and are ready to gather positive momentum again

/ Jim



To: Cosmo Daisey who wrote (7281)3/13/2000 8:42:00 PM
From: Jim Willie CB  Respond to of 35685
 
on RNWK, or any other little dynamo
this is my style, not Voltarama's style
but I have a tough time selling the CCs when they pump up
Volt has a much easier time seeing CCs dwindle in value
thus paying for his garden budget

/ Jim



To: Cosmo Daisey who wrote (7281)3/13/2000 9:53:00 PM
From: Voltaire  Read Replies (1) | Respond to of 35685
 
Hi Cos,

just an opinion, as if everyone within 500 miles doesn't know I might have one.

So many people say I am going to wait until the stock rises to write my call. I understand this if one is good enough to call it but most are not.

Everything being equal, meaning you can still get say 8 to 10 % on one month out calls. I say it is better to write while stock is in the lower part of the channel and RNWK happens to be in the lower post split end. I think one should think in terms of per cent rather than price. I think so many go after price thinking because it seems higher that it is safer, not realizing that if the stock comes down it will out run the calls to the down side presenting a negative situation. On the other hand as long as you are still getting the same percent there is a better chance of a rise with the stock price out racing to the up side and a win win action. So many people seem to think that once covered one would wish for the stock to decline, nothing could be further from the truth.

If you are getting the same per cent return, wouldn't you rather have the stock at the lower end of the scale?

V