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Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (219)	3/31/1998 9:24:00 PM
From: dealmakr	Read Replies (1) \| Respond to of 650

Pancho, I do agree with you, I bot the puts as I think that when the stock does come down from the stratosphere, it will come down as it went up. I don't know if I will cover my short, but will be watching the trading very closely. If you notice whenever the spread opens up someone comes in just over the bid. They are playing a lot of games here and those trades are either shorts or someone showing strength. I do see block trades under the ask, but not enough to show someone dumping out yet. I did buy the Aug 25 Puts. The rest of the week will be interesting to see. I wish I had NAZ level II to scope it out in greater detail. Also believe the stock was supported for the secondary offering, when is this due? Dave