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

To: Chris McConnel who wrote (15180)	3/20/1998 1:34:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Chris; I already have deep in the money calls bought, that match my shares..but to sell the shares is self defeating..not only do I lose $2 right up front on the shares..it's a lack of faith, were if I write calls..it will be out of the money calls..I just looked and can what I want, AND they can't get called below $35.. my shares won't make a ripple, but if every one did what you say then she would drop like a rock, and buying calls would be senseless, it takes shares that are not for sale to support the price, I won't do a self defeating play no matter what, if that's the case I'd just as soon go short. If every one just bought calls, and sold their stock what good would the calls be. Untill my basic reason for buying changes I'll stay bullish, if I'm that worried about down side I should not buy calls and if she gets down more I may sell puts to take on more, or at least offer support. ---------------------------- In the futures pitts, when they buy futures , they then buy the underlying issues..that's why when you see the futures up the price goes up..if all they bought was the futures, what would the futures be worth latter ? Thats like just depending on the rest of the market to fullfill your hopes. Yet it takes all kinds, if nobody did what you suggest,, I might not get frazz for the calls I want to sell, I sell out of the money and buy in the money..if I'm bullish. But I also hold my stock..with out that I may as well get out of her and go elsewhere. There are times I just buy calls, but thats pure speculation, and for leverage..but you can bet I already see something I think will take her up strong. Like with CYRX ,,I saw she was going to go up no matter what any one did, hell she was shorted to high heaven and a buy out was in the works..I leveraged with calls. I most did with APM..as I smell something there too.. but calls don't go out far enough and I have no idea if It will happen that soon..so I just went long. Jim