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To: Walkingshadow who wrote (8721)1/9/2001 11:39:32 PM
From: mishedlo  Respond to of 13572
 
WalkingShadow, As I said I believe in the theory.
I was trying to help see if we could figure out those trees better by offering that thought.

I made a bet today and was more confident because of max pain. Bought Jan strike 60 AMCC calls when it hit 66 today.
It went against me at first and rose to 68, I would have bailed at 69. Fortunately it stalled.

The volume of trades at the bid these last two days was simply amazing. Big blocks of 30,000 shares or so at the bid every 5 -10 minutes or so. Very hard to see them if not watching very very closely. I believe someone is unloading this thing.

Bad earnings perhaps?
I do not know but it seems I have a couple things in my favor as well as a nice 4-5 point cushion going into tomorrow.

M