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To: victor pan who wrote (545)2/2/2002 12:50:52 AM
From: Moominoid  Read Replies (1) | Respond to of 583
 
So did you sell at $4? We think that LOOK could go to $5 in a fairly short time. That would be a 50 forward P/E based on the company's own forecast.

IMO it is hard to make money buying options, or you need to be prepared to jump in and out fast for relatively small gains. In the Aussie market at least spreads are big which makes that difficult.