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Strategies & Market Trends : Action & Options- Taxikid plays -- Ignore unavailable to you. Want to Upgrade?


To: Blue On Black who wrote (2414)10/21/1997 5:01:00 PM
From: Blue On Black  Read Replies (2) | Respond to of 4339
 
Good intentions, anyway. Got busy and forgot to put the cover on ctxs. Maybe it won't eat me tommorrow.
lee



To: Blue On Black who wrote (2414)10/21/1997 7:08:00 PM
From: Hans  Respond to of 4339
 
Lee,

I see i'm a little late to the draw. I was going to post that ctxs may be in for a fall. It's one of my favorite companies (bought at 12 & then bought calls and more calls) but a PE of 60 is surreal.

I was going to suggest waiting a few days or weeks for a the runup to finish. Perhaps your "live cat fall" plan will pan out though. Someone has to want to take profit after a jump of 14 points.

Also considered buying upstrike calls and then shorting.

hans



To: Blue On Black who wrote (2414)10/21/1997 7:21:00 PM
From: Druss  Read Replies (2) | Respond to of 4339
 
Lee--Still taking those walks on the wild side I see.
CTXS looks just a tad risky. Luck with it. Believe it or not I wanted to go long DDIM. I thought the market would be up and it would follow. I didn't want to go long on your short and I hate to go long on a dog like that. I send Kasha an E-mail though about my unsavory urge in that direction last night.
I stayed out of TALK. I would have been in except I wanted to be around with my finger on the trigger. Instead I chased quail with my finger on the trigger for them.
All the Best
Druss