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Technology Stocks : Saville Systems (SAVLY) -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (85)	2/27/1998 9:56:00 PM
From: Phil Jacobson	Read Replies (1) \| Respond to of 261

Re: call/put ratio, it's just normal for a stock trending strongly upward to have much more OI on the calls. A nice gain is far more likely to be realized to buy calls on the dips than to buy puts on the upticks. If you buy puts on a stock trending up you can easily lose your investment as it could jump out of its recent pattern and shoot higher. I keep changing my mind on when to sell mine. Still holding on a hunch there will be a push into the low 50s before falling back to upper 40s before the next expiration. Great month overall wasn't it? Man, it's nice to have a margin account in a month like the one we just had. The stuff I buy goes up and the stuff I sell goes up even more. So I stopped selling and kept on buying. See ya, Phil