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To: Thean who wrote (422)5/26/1998 12:23:00 PM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
Yea, I rthought about adding to my DELL short but I own lots of puts and am short. I think I've got enough exposure to that devil stock. (ggg)

MU hit the iceberg a week ago. It is just a matter of time till it joins the Titanic at the bottom. (ggg) When do your puts expire?



To: Thean who wrote (422)5/26/1998 1:39:00 PM
From: SJS  Respond to of 14427
 
Neat page. It seems to be very new, as I didn't see it last week at all.

I have used this strategy before, but it's a neutral position in that both your shares and long calls "covered". I think it might be of value with an opening long stock buy now, but if you perceive that the stock is currently oversold, I would leg the call sell portion after the "DCB" (dead cat bounce).

Oil is again very weak today, and cannot find any strength at all. The market is telling OPEC to get their act together.

RON is down from 70 to 58,
NE is holding up fairly well as it is still over 30
GLM is weak.

I'd like to say we've been here before in Q1, 1998. I gotta believe that this will reverse again to the upside.

Are you expecting the OSX to go sub-100?