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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (2710)	9/8/1998 2:03:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 18998

An interesting note about FP options. I was watching the activity in the FP Oct. 30 and Oct. 35 calls. At around 1:45 pm the Oct. 30 calls were 1 15/16 bid x 2 7/16 ask and the Oct. 35 calls were 1 9/16 bid (!!!) x 2 3/16 ask. I had already sold some Oct. 35s earlier at 1 3/4. Not being one to let opportunity slip through my fingers, I quickly placed a second order at 1/16 below the bid...just in case someone was asleep at the switch. Unbelievably - it filled at 1 9/16. These calls are $15 out of the money and expire on Oct. 16. Seems to me that all Mr. Pink fans should take a close look at these options.

To: Mr. Pink who wrote (2710)	9/10/1998 5:56:00 AM
From: valueminded	Respond to of 18998

Mr. Pink Thanks for response on ICCI, like your spelling of the STINky stock TNSI. Obviously you have been around the block, you recognized the market tone and made the decision to go net short promptly. My biggest longs (although fast decreasing in size) are CFWY and AGX. They are in IRA's so tax benefit selling is nil and I have elected (maybe stupidly) to hold. I am considering nominating a company " ALTIF" for T status. A "mining company" with no revenues, minimal book and only 7 employees, market cap about 130mil. S3 filing showed a number of shareholders wishing to decrease their holdings. There is more, but I would value your opinion....thanks thanks