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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (10586)5/10/2001 1:58:43 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 15481
 
Many charts crapped out yesterday and today.



To: Jorj X Mckie who wrote (10586)5/10/2001 3:32:45 PM
From: John Pitera  Read Replies (3) | Respond to of 15481
 
CHKP is right on it's 50 dma, I was thinking that it's a weak chart as well, but this is in theory the buy zone,

it seems like CHKP will make such a big move into may expiration that one could go long the stock and
buy a may 60 put for downside protection. or go short and buy a may 60 call for upside protection.

there could be a 3 to 1 profit ratio on that, I'm thinking.