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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 (3349)	9/28/1998 7:39:00 PM
From: RockyBalboa	Respond to of 18998

A bow from me, Your Pinkness. Buying puts at a hefty 180% vol is tough. But if one is really convinced, it seems a better way than writing calls which may keep some time value with the rising implied vol. At Datek, there were stocks to lend so I established a short FP position - the first time. Yestersdays reading convinced me - finally. I either could not sell before and then refused the first wave weeks ago . but today's action deserved it. Found it difficult to cover near 15 near the end of session but in the light of the now exhausting pump action (LBOR, ZONA, BTIM,SRCM!), I will go for 11, now. Expecting further drop might be - greedy. C. PS. I do not find the point in Transaction, though it offers some meat, I'm partly seduced to take it now, but I am not convinced yet. Either momentum has stalled, making it an intermediate short now or the johns take a breath?

To: Mr. Pink who wrote (3349)	9/28/1998 8:04:00 PM
From: Mr. Pink	Read Replies (4) \| Respond to of 18998

Correction: Sold the Jan 20 CALLS, not puts. Mr. Pink