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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Marc D. who wrote (10561)6/25/1998 7:47:00 PM
From: Leo J. Bourne  Respond to of 18691
 
Yes, a bear spread is a definite thought.

Also might be interesting to consider selling out of the money calls with stop/buy or further out long calls to protect. The volume today was quity a flurry, with the close being well below the day's high. Others have remarked that this is not a KTEL, and that should be kept in mind. A meteoric fall is not necessarily in the cards, but a downward trend could be at some point.


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