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To: Thean who wrote (13270)3/2/1998 11:41:00 AM
From: SJS  Respond to of 95453
 
Good advice. I'm watching the tug-of-war with NE in the low 29's. It's a real dogfight for direction.

I think we're at the cusp here on many stocks. If a couple of things come together, NE can go over 30, GLM over 25, MDCO over 20.



To: Thean who wrote (13270)3/2/1998 11:53:00 AM
From: Broken_Clock  Read Replies (3) | Respond to of 95453
 
Thean-
we're pretty much there on the OSX. The afternoon shouldbe decisive. Very heavy call action on the OSX this morning. Could be funds selling calls for March expiry premium capture.
105s... 325
110s... 200
115s... 200
120s... 2200(!)
I would not expect a fund to buy long and do so by purchasing a series of out of the money calls. In the Money would be more typical.

PK(I could be wrong...OSX at 107.75 whichy is very close to a high for this year...could be the high as my chart isn't that accurate)