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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (2269)	6/17/2001 7:40:44 PM
From: tuck	Respond to of 6873

mishedlo, Sometimes when I want to short volatile stocks with options I will use put bear spreads to take the bite out of the huge time premium. Sometimes both legs of the spread can be played, but that's a nervy game that I try to avoid. I haven't yet done this with HOMS, just shorted the stock or wrote naked calls. The 33 - 25 range seems to work very well, but I wonder if it'll ever get over 30 again now that Blodgett is backing off. Many are expecting a rally next week, and I don't expect it to last, so I reckon we'll get another chance to line up at the ATM, as Donny Brasco calls it. FWIW Cheers, Tuck

To: mishedlo who wrote (2269)	6/17/2001 11:55:14 PM
From: Michail Shadkin	Respond to of 6873

Mishedlo - Re: HOMS This pos has held up really well despite NAZ dumping almost 300 points and downgrades. Bollinger bands are tightening and I expect a significant move soon (5-6 points) Based on the relative strength compared to the market, I would say the move will be higher. I will short 33-35, not earlier. Re: options I dont like writting July 30 calls here. First too much time. Second I only write calls if no stock is available to short. I mentally cant deal with option spreads. July 30 are 1.75 by 1.95 The second you are filled, you are down 11.4% I want to be the MM, lol traderpulse.com Michail