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

To: James F. Hopkins who wrote (20990)	6/26/1998 11:12:00 AM
From: Berney	Read Replies (1) \| Respond to of 94695

Jim, As usual, I always enjoy your observations! I've got a small position of puts on GM that have tripled, and still cannot imagine what is keeping the General up. I've been watching and none of the big analysts have even lowered their expectations for the current quarter. Could they have factored this strike into their earnings estimates before the quarter started? I don't think so. And, GM has yet to officially warn. I like my July puts on this puppy. GM is paying for my other short term sins in July options. But, I still got some time. Before this stuff started with T, I had a target buy of 56 and a target sell at 65. So, I don't see this as particularly out its range. UK was decidedly interesting to watch yesterday. But, as I stated the rest of the tail has got to move, because the Head (GE) is at the top of its range. We'll see. Berney