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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (17871)4/10/1998 1:24:00 AM
From: Getcher  Respond to of 50167
 
IKE,

I have June 40 calls on ASND. If we approach 45 I will sell may 50's underneath my June to protect profits and have a chance to create a further bull spread in June selling the 60's after May close if we runup. I love doing it this way ... taking profits off the table and leaving a fairly wide open ability to reap profits on upside.

ATML -- Sorry to report that all of my indicators, save 1, show ATML to be a strong short candidate. I do pick up the recent BUY signal about 2 weeks ago on very light volume, but right here is what I call a perfect early sell signal. NOW After saying this I just went to see when the earnings were due out ... JUST released tonight ... 18 cents vs. 21 cents. Ike ... I really see this going down very soon to test the 14 area. Hope it does not for your sake though.

Getcher