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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (33892)	10/23/2000 8:58:14 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 42787

Donald; I see Leg Mason just downgraded HON, ( they must be one of them caught in the short trap ) --------- You know how on CNBC & all them experts they bring on keepa a saying there is no sure thing in the market. ------ Well I've pointed at this with other stocks from time to time and may as well do it with HON. In the numbers racket it's called a "LOCK" , right now with out even trying to leg in or do any fancy foot work such as split the spreads I can force 52-1/8th out of HON no matter what they or the market does. ----------- Just look at the 2002 calls & puts ( 50s ) buy the put at the ask sell the call at the bid and go long HON at market, and you have a "lock" on 2-3/16 pts. Plus you get HONS dividend, NOV and FEB if the deal isn't done by then.. The shorts are screwed. The "lock" works even if the deal fails , it just takes a little longer to mature. If the deal happens on schedule you make an yield of over 9% , and it's more safe than a US BOND.. With a US bond you don't have any such lock , bonds sell off rates go up but your bond falls in value. ---------- Any way if the CNBC gurus were half as smart as they act and say they are they would know what a "lock" is and give up the so called "no sure thing in the Market" Forgive the long post , and I know it's boring but I just had to take a jab at the ignorance of the CNBC gurus. Jim