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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Kevin who wrote (29602)	11/26/1997 7:58:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Good Morning Kevin, here's one way to resolve your overseas banking problem: "BANGKOK, Nov 26 (Reuters) - Citibank (NYSE:CCI - news) said it planned to issue a statement later on Wednesday regarding a First Bangkok City Bank (FBCB.BK) announcement that Citibank would buy a 50.1 percent stake in the Thai bank." Would like to see the exchange rate this deal goes through at... I'll bet its post currency decline. Like landlords buying back distressed properties. The 1/2 price buyin investment deals must be plentiful and its the right time to move in. Yesterday's CPQ was a wash except for one side of a commission... good training though, for getting out instead of watching something decline more over the next few days. Notice how gold and oil are sinking, which short term bodes well for interest rates continuing their slide. Didn't notice a lot of activity at the malls yesterday.. but on Friday we've been hired to do some traffic assessments of the busiest ones in the northeast. Retailers call it 'black' friday, as its the one shopping day that makes or breaks being in the red or being in the black. Did anyone see the pbs series on America, thought it was pretty good... noticed the radar guy from the movie Twister playing a role. Didn't realize Phili was the biggest city in the Americas around 1783, thought the trade in Boston or N.Y. would have supported a larger population. Wonder how many English and Hessian soldiers declined to return to Europe and stayed. Did you know Thanksgiving was started by five single women who had started a wildeness counseling and outfitting business... part of a fall clearance sale. Who would have thought the Pilgrims would join the party.

To: Kevin who wrote (29602)	11/26/1997 8:58:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 58727

Kevin; RE:" Longer-Term Options as Trading Instruments..." I'm liking these 'longer term' options that I've entered over the last few weeks, David. Takes alot of the worry out of the position. ...we've been investigating using LEAPS as trading vehicles in the bellwethers MSFT INTC AMAT DELL CSCO. However the BID/ASK spreads for many of them are quite wide, and liquidity is one concern for the trader, for they can be difficult to quickly close unless the LEAP has a lot of volume in-between the (wide) BID/ASK spread. One should probably study the delta of LEAPS contracts carefully. Far '98 PUTs and CALLs do appear to be better suited for this purpose, than LEAPS. -Steve

To: Kevin who wrote (29602)	11/26/1997 9:43:00 AM
From: Alan Smithee	Read Replies (3) \| Respond to of 58727

Kevin: Good to hear from you. I've been posting less, but still following the thread. Haven't had time to track your index trades, but it looks like they're working out well. The further out in time equity options look like they're paying off as well. I didn't post it, but I flipped AMTX last week for a double+ on a quick two day trade. Made some money on QNTM calls as well. Now, any thoughts on IBM puts? It's got a real struggle to top 109. Take care. David

To: Kevin who wrote (29602)	11/26/1997 12:25:00 PM
From: Sundar Rajan	Read Replies (1) \| Respond to of 58727

>>Yee Haw! Time to dump my Jan 100 calls Kevin , good to see that you are making money. I have not been able to get back into that streak yet. Yesterday I sold my Jan 125 MSFT calls at a small loss ($300) so that I could get back my capital, reduce margin and MSFT is promptly up 2 today. What's your opinion on MSFT? By the way Bernie's option advisor recommends Apr 150 calls on MSFT. So u think IBM will have difficulty breaking thru 109?

To: Kevin who wrote (29602)	11/26/1997 1:30:00 PM
From: Electric	Read Replies (1) \| Respond to of 58727

Kevin, Congrats man, I havent been a fan of IBM calls since last summer. What do you think of 108-110 being a strong ceiling for the stock and buying puts? It hasnt punctured it and stayed, and for it to be mmaking new highs in the midst of all the volitility, to me it seems unlikely. comments?? OJ are you playing the game tomorrow? A friend of mine has a no-loose parlay he is making... Dallas, the over Detroit and the over. At 10 to 1 it looks inticing.. Electric