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Strategies & Market Trends : Pitbull Investing Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Doo who wrote (599)	1/2/1998 2:02:00 PM
From: conrad grant	Read Replies (1) \| Respond to of 789

No, I only have the long PPB edition. Why do you ask? Is it pretty much the inverse of the longs, eg low eps,low rs, new lows? The options seem enticing, though I haven't used them before. I bought and just read a beginner's book on options, and received a more advanced one from Santa, written by Mcmillian. Is the option PB manual more involved than the long PPB? Are you well versed in 'option repairs' or do you have a simple sell signal for the option. HNY...'clink' to the small investor! conrad

To: Doo who wrote (599)	1/2/1998 4:08:00 PM
From: Doo	Read Replies (1) \| Respond to of 789

conrad: Check my PB Long analysis of PBCT (with the exception of the new high on Friday rule). I think it qualifies, except it probably does not make Power status and has a poor Merit Ranking (both gauges I'm willing to overlook with deliberance). If it qualifies, look at April 30 and 35 Calls. At 4 3/8 for the 35's, you can buy them and play it just like the stock itself. Price stop (mental on options), RS stops. Play it just the same, but you don't have to outlay $3750 for 100 shares, less than $450 per contract plus a little heftier commission. If you bought the stock this morning on the open, you'd have paid $3850, and put a stop at 34 1/2. $400 dollar risk, about the same as the April 35. But since the option can expire worthless, the cost is the maximum risk. On the 34 1/2 stop on the stock, well, you know how that goes. If it's an RS stop that takes you out, chances are it will be the same, unless the time premium in the option gives you a small advantage compared to the price of the stock at the time you put in your sell order. That should give you a glimmer of what I'm talking about. Somebody sorta likes this MLI thing. Must be some sort of rumor or leak. Jeff