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To: Stash who wrote (721)9/30/1998 8:46:00 PM
From: Sun Tzu  Read Replies (2) | Respond to of 1316
 
ehm...sorry to interrupt guys, what is the implied volatility on the options you've been buying and how liquid are they? Also, not to scare you, but I know first hand of a stock that beat the estimates by 40% and 14% in consecutive quarters and got crushed just the same. That down fall too was rumoured to have been started by Fidelity's exit. Finally, end of quarter window dressing is suppose to make the strong stronger not weaker, so I doubt if that had anything to do with it. Anyways, thanks for the option info.

Sun Tzu

P.S. I run extensive technical and quantitative models on the entire market. Despite the appearant stability, the market internals have not improved. FWITW, I don't expect a rebound till late Jan99.