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

To: craig crawford who wrote (13658)	9/11/1998 11:30:00 PM
From: Steve Smith	Respond to of 18691

Congratulations Craig on DIS! steve

To: craig crawford who wrote (13658)	9/11/1998 11:47:00 PM
From: Neil_L	Respond to of 18691

Agreed...out of the money options do not move nearly as much as the underlying stock, but I've been watching those options for a few days now and have monitored its moves. That point move would normally push the offer to at least 7/16. Happy you made money and want to move on...I have been lucky to...bought my first DIS put about a month before the split and have been aggressively shorting it ever since. It is now closer to the bottom than the top but it can easily go to 20. Thats what I'm looking for and my target on those options is 3, giving me a 500% return...I'm happy to hang in there for that. Neil.