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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: rx4pain who wrote (2446)8/30/2000 11:18:34 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 100058
 
Rx - your GBLX play, an uneasy one

Not much choice in the strikes, but any price above 25 3/4 at expiration could have you called automatically.

Not savvy enough to help you with a hedge. $25 seems to be a strong suport for GBLX. 27 1/4 as intermediary support.
OI at the 30 strike is high for both puts and calls and suggest a closing price target of 29 1/2 - 30 1/2.