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

To: George Acton who wrote (10921)	7/6/1998 11:10:00 AM
From: Marconi	Respond to of 18691

Hello Mr. Acton: Thanks for the response. I agree, the deep OTM puts look cheap, but one needs to have an idea of the time frame for the trip closer to 10. A close watch would seem the best bromide for that. The higher it goes, the shorter term the prospects. My gut was at 50-ish, three years max or less. At 100-ish, a year or less. At 150-ish, 6 months or less. A split would put more script out there and add one or two months extension. And a parabolic kick with gaps up -- three days or less. These are gut feel time frames. I certainly would not want to try to call this one too closely. All--remember Mr. Babb's advice--keep plenty of margin. Best regards, m