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

To: Lee Lichterman III who wrote (38016)	12/15/2000 7:11:36 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I tried top post a warning here last night but as soon as I got it up on our board a power outage took out 30,000 of us out here in Idaho and I was unable to post. Just walked in the door and haven't looked at anything at all yet. I couldn't help myself today and despite my warning, I had bids in on SUNW LEAPs and a few scattered less known names. I missed on all of them. Not sure if they did me a favor or not. I was bidding 15 3/8 on the Jan 02 strike 15 calls for sunw. If Monday is down again, I will likely move to a lower strike as I want as little premium as possible since this will likely be a longer term position for me to sell closer in expirations against. Of course after I look at the charts, I may change my mind. -gggg- I think the closing rally attempt had more to do with options expiration than anything else and am still leaning to lower prices on Monday. Most of the stocks I was watching that I knew had certain Max pain levels on, were trying and fighting to stay near them. Now that expiration is over, they may drop more next week. Note the OEX drop relative to the SPX. It wasn't the normal ratio. Good Luck, Lee