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To: Rob Hinton who wrote (8677)1/18/1998 10:59:00 PM
From: donald sew  Respond to of 95453
 
ROB,

For very short-term pops a CLASS 1 BUY means that the downside is very limited and reversal should start within 1-3 days. Since the market is so volitile now (thats the only way to explain it), my CLASS 1's have been working next day.

When I get a CLASS 1 BUY it means that it needs to be obtained the following day at the low of the day whereever that is.

CLASS 1 BUYs are normally good for at least a 5% pop, which for an option could be quite substantial. For INDEX options the CLASS 1's are normally good for 50+% on the option.

Seeya