SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (1145)3/20/2000 4:31:00 PM
From: WebDrone  Respond to of 1413
 
This is like that Gilligan's Island episode where...

the castaways made a raft, and actually set out to sea. Let's hope we don't return to the island like they did.

I have this little HooDoo belief that when a stock breaks throught it's upper strike price ($22 1/2 in this case) it usually runs about 12 1/2% over that for a spike.

I think it has to do with options selling at a discount trading to the common on an arbitrage basis. And the momentum players jump in, and... just plain HooDoo.

Let's see- 22 1/2 * 1.125 = 25.3

Hmmm. Hmmm. Fear or greed? Taxes? Aarg.

Still, I enjoyed your comment about treading water off Gilligan's Island.

Web