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To: Rich B. who wrote (4929)12/12/1997 11:55:00 AM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
It's a slowburn today.No turnaround yet.GD



To: Rich B. who wrote (4929)12/12/1997 11:57:00 AM
From: Big Dog  Respond to of 95453
 
I wouldn't be a FGII call buyer here. I tried to buy some Dec 35's yesterday at 3/4 but didn't get filled. At that time it looked like we would have a little rally. Today I don't see that -- yet.

I like to buy them when they are REALLY hurtin'. I bought some of the same calls ealier at 5/8 average and sold them for 4 1/8. You have to be real careful when you are 6 days from expiration. That premium will evaporate quickly.

Now if you are buying Feb calls...I think maybe today would be a good day to buy.