Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: notredame who wrote (786)	12/12/1997 7:00:00 AM
From: Porter Davis	Read Replies (2) \| Respond to of 1598

Options update for 12/11...I love the smell of napalm in the morning. Pretty nasty action in the markets yesterday. I couldn't exhale when I saw a pre-opening indication of $45 for BCE. Luckily I held on and later in the day it made it to 47.40, so I was able to unload half my long basically even. I'm still a believer in Bell. Ballard had a nice $3.25 range yesterday--this thing deserves its volatility. Don't be scared by the absolute value of the premiums...they're relatively cheap! Inco continues in the doldrums. If there's anyone taking a run at Inco, they're keeping it very quiet...and in my experience, that's impossible. No such thing as a secret in this business. If there is a takeover in the wings, you'll see it first in option activity. People on the inside just can't seem to resist trying to make a killing in options. Barrick anounced another share buy-back (10%). Now, this wouldn't have anything to do with Munk's desire to unload Trizec's ABX stock, would it? Self-dealing comes to mind. More strange orders in ABX/Leaps spreads. My partner and I have hung tough for a long time calling Leaps markets, and I'm glad to see them getting active. I see overseas markets are having a small bounce and S&P futures on Globex are up; don't be fooled. Happy trading. Porter