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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Paul Kern who wrote (3408)11/17/2000 7:05:24 PM
From: heronwater  Respond to of 19633
 
Actually, that is a good question.



To: Paul Kern who wrote (3408)11/17/2000 10:02:36 PM
From: Tom Hua  Read Replies (1) | Respond to of 19633
 
Paul, no you can not trade options AH and I don't think it'll happen anytime soon. Before we see AH trading, there got to be major overhaul on the current monopoly system, starting with narrowing the ridiculous spreads and only displaying the bid/ask set by MMs. No wonder 80% of option buyers lose money.

Regards,

Tom



To: Paul Kern who wrote (3408)11/19/2000 10:55:16 AM
From: Tom Hua  Read Replies (1) | Respond to of 19633
 
Paul, OVTI: trading opportunity this week.

Stock dropped 36% Friday on no news. After the close the company tried some damage control with a quarter pre-announcement 2 days before the actual release date. They will meet estimates of 9 cents. Stock rebounded AH.

OVTI lost about 50% last week.

Revs were up very little sequentially, earnings were down from previous quarter, ie., deteriorating margins.

I think stock may rebound a little more Monday morning. I may ride it up with tight stop, and then short it down to single digits.

Regards,

Tom