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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (764)	2/25/1998 10:20:00 PM
From: zx	Read Replies (2) \| Respond to of 2341

hi Scotty, i was thinking that a good way to balance out my small cap long portfolio is with earnings puts. i will try and come up with some earning put suggestions. the market will really punish most stocks that don't perform. ie, look at DURA today. we should have most earning put trades go our way if we do our homework. i am quite optimistic about this. good luck on MDT. i have noticed that stocks open at different prices than they close at. the little guy us, can be hurt or helped by this off hour price adjustment. i think that is one advantage to day trading. ag

To: scotty who wrote (764)	2/26/1998 11:27:00 PM
From: zx	Respond to of 2341

hi Scotty, i think there is alot of money to be made on year 2k stocks. February 26, 1998 Citicorp to Spend $600 Million To Correct Year 2000 Problem By JANE J. KIM Dow Jones Newswires NEW YORK -- Banking giant Citicorp expects to spend about $600 million to address Year 2000 problems in its computer systems. Prompted by new SEC requirements, the $600 million figure is the first time the bank has disclosed an estimate for the bug, also known as the Year 2000 problem. Banks and other businesses are trying to cope with a widely anticipated scenario caused by older computer systems reading only the last two digits of a year. If uncorrected, computers would interpret the year 2000 as 1900. This would wreak havoc on banks' computer systems on Jan. 1, 2000. The most obvious problem would occur in date-sensitive functions, such as those that calculate expiration dates or accrued interest. The problem, if not corrected, could disrupt everything from automatic teller machine, or ATM, functions and direct deposits to automatic bill payments. In a filing Wednesday with the Securities and Exchange Commission, Citicorp said it will spend about $600 million over a three-year period from 1997 through 1999 with $150 million of that coming in 1997. Though Citicorp's disclosed costs were "modestly higher" than expected, the $450 million that the company will spend in 1998 and 1999 appears to be appropriate based on the company's total annual expense base of about $13 billion, said analyst Bradley Ball of Credit Suisse First Boston Corp. Of that $13 billion expense base, Citicorp spends about $7.5 billion a year on technology, he said. In contrast, Chase Manhattan Corp., which spends about $2 billion a year on technology, estimated last year that it will spend about $250 million from 1997 through 1999 to cope with the problem, according to a company spokeswoman. Chase's estimate is also roughly appropriate based on the bank's total annual expense base of about $9 billion, Mr. Ball added. Banks such as Citicorp are probably more than a third of the way through the process of preparing their systems, said Lou Marcoccio, Year 2000 research director for the Gartner Group, an information technology advisory firm. And even though Citicorp's costs are higher than Chase Manhattan's estimate, it is possible that they have factored in costs other banks have yet to, he said. my two year 2k stocks right now are KEA and SEEC. today was an okay day. up and down. i made a poor trade on BA last month. because of my concerns about the SEA problem i thought BA would be hurt. instead BA has gone up. ag