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To: Terry Whitman who wrote (14789)8/30/2000 11:13:39 AM
From: MythMan  Read Replies (1) | Respond to of 436258
 
not tops in major indices....and that was my point...

I've acknowledged to David that it can do that for companies involved in the merger..but not always..



To: Terry Whitman who wrote (14789)8/30/2000 11:17:05 AM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
its just that time of the month for mythman (VBG)



To: Terry Whitman who wrote (14789)8/30/2000 11:21:53 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<Last Q split nailed the top dead on->

Interesting point... also because the way things 'change' over time. Using enough history I wouldn't think one would find splits and interesting time to sell... BUT in this mania the spikes caused by public enthusiasm for splits has created lots of tops. When I was on the CBOE any split was like a big party for the MM's... we took the vol to the moon, bought 20k and waited, 20 seconds later buy orders for calls came flooding like nuts! An hour later, stock $2 higher and everyone was short several hundred rediculously fat calls and long stock, nicely hedged. Just wait 2 weeks and pocket obscene amounts of money... public fleeced. No wonder options volume has dried up... surprise!

DAK