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To: Broken_Clock who wrote (4829)12/11/1997 1:57:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
Just talking to myself here...

GW put action has beened happening at the $5 strike. Almost nothing else. This means :

1.If you own GW and sell the $5 put that you are getting income on your stock and don't mind owning more at $5.
1.If you don't own GW currently, you wouldn't mind having some at $5(plus because you made the premium so you're buying under $5)...or, you don't think it will hit $5 again so thanks for the premium!

Thinking seems to be then that GW is great at $5 but it's probably not going there.



To: Broken_Clock who wrote (4829)12/11/1997 2:01:00 PM
From: Tulvio Durand  Read Replies (1) | Respond to of 95453
 
... candlesticks do give short term indication of stock direction ... Am looking at some CS charts. Please tell me, what does the "wick" of the candle indicate? What about simultaneous wicks on top and at bottom of candle? Tulvio