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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (111474)	5/18/2000 12:28:00 PM
From: 5dave22	Read Replies (1) \| Respond to of 1571424

Chic <Considering that one took over 30 minutes to get filled, I'm surprised it happened under my limit. My broker must be really working hard for me (it sounds wierd just saying that).> Wasn't it your broker who was trying to rid his customers of AMD? Any update on that? Dave

To: chic_hearne who wrote (111474)	5/18/2000 2:24:00 PM
From: tejek	Respond to of 1571424

I am truly amazed, this is the second time I have gotten filled under my limit on buys. The article below may explain what's happening. ____________________________________________________________ Smarter Money: Playing Expiration Week By James J. Cramer 5/17/00 4:41 PM ET Click here for the latest from James J. Cramer. Expiration week breeds its own craziness. The greatness of the craziness is that for 9/10 of our readers, it is totally irrelevant and can produce some phenomenal buying or selling opportunities. For the daytraders/swing traders or whatever nomenclature you may be using, however, expiration is just a minefield. I don't want to address the latter issues. What I want to spend some time on is the former, which is why this is a "Smarter Money" piece. Because of the bizarre way the futures and the options interact, you get stocks that act wildly for mere nanoseconds. These swings occur because there are insensitive-to-price buyers and sellers out there. They don't really care where individual stocks go out, provided that, at the end, they have either sold all the stock they need to equal the future, or bought all of the stock they need to cover the future. You do not need to know how they interact, you only need to know that they create opportunities. How can you leverage this to your advantage? Let's say you have a list of stocks you really like. Beginning now, until Friday at the close, there could be some massive swings in stocks. If they are listed stocks (not Nasdaq, which doesn't handle these limit orders well in my opinion), stick some bids in well below the market. You might get hit by a freak sale of stock. Same with the long side. If you are in a stock you want to lose, stick an offering in well above the market. You might get taken. Chances are that you won't get hit or lifted. (Those are the words we use for buying and selling.) But this method is something I do regularly, and I have gotten great prices on a host of blue-chips that I love because of the imbalances that happen around expiration. So, for example, let's say I like Pepsi (PEP:NYSE - news - boards) and I hate Coke (KO:NYSE - news - boards). Which is true. I might stick a $38 bid for Pepsi underneath the market each day between here and expiration. And I might have a $50 offering for Coke, just in case we get a fluke program moving these stocks. I've done this kind of trade for years. Typically, I have not had the luxury of getting filled, or having the trade executed. But the markets have gotten much thinner of late and I am betting that this time around there could be much more volatility of the type I am suggesting around expiration. Hence, I share with you this strategy and wish you good fishing between now and the expiration bell. --------------------------------------------------------------------------------

To: chic_hearne who wrote (111474)	5/18/2000 2:25:00 PM
From: niceguy767	Read Replies (1) \| Respond to of 1571424

chic hearne: Re: "today's executions" Comment: Still holding my May 85's but i just took out some insurance by selling 200 June 95's at $5 against my Oct. 70's...

To: chic_hearne who wrote (111474)	5/19/2000 11:47:00 AM
From: niceguy767	Respond to of 1571424

chic hearne: Couldn't resist again today...AMD is just too strong to stay down any longer so I bought 100 May 85 calls ay 9/16's...averaging down on those 50 thatI paid 3-7/8's for 2 days ago! (May end up exercising at the end of the day!)