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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?


To: Silicon Trader who wrote (7597)9/4/1998 12:45:00 AM
From: Ed Pittman  Respond to of 10227
 
Mr. Big.

Predicting market turns can make you look good or a goat in one easy lesson. Once Nextel broke the up trend line it was money in the bank with puts.

Here is a trade done by the pro's...
Goldman Sacks. sold 14,000 OEX puts a week ago at 15 ...
Covered the postion and bought them back at 50...

They lost their shirts. That's a lot of money.
At least in Vegas they didn't want my shirt.<G>

Later.
Ed