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

To: ViperChick Secret Agent 006.9 who wrote (16815)	4/18/1998 6:43:00 PM
From: James F. Hopkins	Respond to of 94695

Lisi ; You would need to chart them to see what I'm doing, you missed or I didn't explain it clear enouhg..but I don't know how to make it any clearer with words. Just chart the options and find the ones that have high OI and are out of the money that you can get into at 3 or 4 times less cost than 80% of the people in them. I'm not saying they are easy to find..you will work your fanny off hunting them..but if you play that kind you will seldom lose. "puffed up" ...the last calls I bought on ADBE I got about 7/8th..( I'd have to look them up, but any way the vast majority of the people in them had paid 4 and 5 dollars for them..and like a beat down stock they were not hardly trading at all when I bought them..( but there were a lot outstanding ).gal when ADBE kicked around they jumped to $3 in about a week I was out at 2-1/4 :-( but that was OK.. They expired worthless..same thing with cyrx I bought for 50 cent what most had paid 2 and 3 for..I was out 1-1/4 damm if they didn't go to 2 before falling back.. as I said this is no theory I've found them and played them but I also knew some one would one up-man ship it..or shoot from the hip..just didn't think it would be you. <G> -------------------- It's just an angle I came on most by accident..but if you get the hang of it it works better than any thing else I've seen so far. Actually there are more easy to find on the call side, for me any ways..lot's of OI but like not trading..as every one thinks they are dead..and there is no demand..( but they orginally went off up to 8 times the price and even the last amount of meaningfull volume was at 3 , 4 or 5 times the ask now..no body wants them.. ...you won't make frazz if you just jump into options that are trading heavy..the specialist is skewing them to hell and back..now most often I know when I buy these suckers it's a slim chance they will actually come into the money.. but if the stock reverses that don't keep them from going up ! <G> Some mullet will bite ..but they want to see the stock going up first..mind you I catch falling knives.. if people can't do that or are afraid of it , then sure as heck they should never ever call a top, because they got their head screwed on backwards, and will in time if they don't quit lose their home, their car , their shirt , and maybe even their underwear playing in the market. Jim Message 4114513