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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 (15391)3/29/1998 5:54:00 PM
From: P.Prazeres  Respond to of 94695
 
Bill,

who knows, it is just an observation...but it doesn't surprise me on the number of april 90 calls...last weekend Barron's and the rest of the media was spewing that 9000 was just a stone's throw away...it was going to happen by Wednesday (I believe that was the impression that Barrons' left me with)...so on Monday and Tuesday, I would bet that many of those April 90 calls were opened...the writers enjoyed the volatility at the end of the week to cash in...note that the NYSE had relatively low volume on Friday (with quite a swing in the market)...another reason why I think this isn't over yet...

I'll be writing the newsletter in a bit and I'll be touching on the above...then I'll post parts of it..

Paulo
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