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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Al Serrao who wrote (6944)	9/8/1998 4:25:00 PM
From: Judy	Read Replies (1) \| Respond to of 34809

Al, I like a bull spread more for RMBS until the stablity of the market is more clear. My sense is that the overall market context will dominate over stock-specific effects. That is, consider buying the Feb 55c and sell Feb 75c ... you are risking a net 5 points to make a possible 20 points using today's prems. Or if you are able to time the market you can leg into the spread and do better than that. I prefer not to buy leaps until a stock's trend is confirmed. Did you stop out of your position in RMBS or do you still hold it?