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To: Bilow who wrote (762)11/12/1997 5:55:00 PM
From: saber hormi  Respond to of 164685
 
I'm looking at the chart for this money maker and it looks like we broke the 50 days resistence which is 46, and that might explain the quick rebound to 50. I'm now looking at the next resistence, with all the negatif news surrounding the market and the stock itself, this should take us to 30-35.



To: Bilow who wrote (762)11/12/1997 5:59:00 PM
From: Don Westermeyer  Read Replies (2) | Respond to of 164685
 
I was somewhat shocked to see options on a stock with such a low float. Mabey they think the float will increase? Good thing I didn't panic and cover my short position at $60!

I don't usually play with options and consider them more for gamblers (with all due respect). They are also useful as insurance with large positions. One can make (or lose) a lot of money with them though!

Don


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