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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (11155)	8/13/2002 11:59:15 AM
From: The Vet	Read Replies (1) \| Respond to of 16631

Dave, it is also interesting to look at the open interest on puts and calls for Fridays options expiry.. The obvious target price for GFI is $12.50 (now trading at $11) and HGMCY it is $15 (now trading $12.80). Barring any crashes in the POG and I suspect we will see these prices by the close of trading Friday. We know how much the option sellers hate to lose money and how good they are at guiding the prices to their "minimum pain", "maximum gain", point.