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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (13682)1/31/1998 2:05:00 AM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
HI Bill; LOL, Well I'm sure at first glance calls on APM has to
look crazy. But I did say out in July and "IF" she goes below 11,
the reason is not tied to the normal values applied to stocks,
She has 46% short interest and climbing, a short squezz is
in the making, after that she may well fall even lower.
I'v played calls on simular conditions more than once.
It's only the short interest I'm sizing up.
On the other side of that equation, if you find one that was
shorted, but short interest fell as the price went up(spiked)
, and hasn't droped back that's generally a good put.
You have to track and chart the short interest to see the
logic in the madness.
Jim



To: William H Huebl who wrote (13682)2/1/1998 1:03:00 PM
From: Mark Adams  Read Replies (1) | Respond to of 94695
 
Just because you get burned once doesn't mean it's logical to forever avoid that strategy again. That sounds like our natural programing for defense. Which leads to irrational markets.

I've played several issues for a bounce after significant declines, and made money more often that not.

BTW, your early exit on the APM puts reminds me of my early exit on DSPC puts last october. Onward and Upward, I guess.