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To: Bill Holtzman who wrote (3734)12/7/1997 12:33:00 PM
From: Mathon Dabasir  Read Replies (1) | Respond to of 14451
 
Bill: A "bear spread" on a "dead cat bounce". How creative can you get?

Seriously. Thanks for the scenario, I'll mull it over with Ringo. A bit more aggressive than my usual -buy the underlying and sell options from there- strategy. But the downside seems very limited at ($1).

This could be interesting. Humblest regards,

Mathon



To: Bill Holtzman who wrote (3734)12/12/1997 12:19:00 PM
From: Mathon Dabasir  Read Replies (2) | Respond to of 14451
 
<<What you might want to try is a "bear spread." When the stock gets to say 17, you
sell, say Jan 17.5's for $1.50. Simultaneously buy the Jan 20's for 5/8 or so and
limit your loss. See how easy it is!>>

Bill, nice call. What else do you have cooking these days???

btw: Just bought a little NSCP. Hoping Justice Dept. action bodes well for the stock which, if it bounces, could see a test in the low thirties. If it breaks through there? Goodness, extra kimchi for everyone!!!

Mathon

Disclaimer: The investment decisions of Mathon Dabasir are erratic at best and should not be taken seriously by anyone reading this post!