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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Monty Lenard who wrote (29753)10/1/1998 7:18:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Monty those 22 mill shares and today 14 mill and day before 16 mill will push the stock temporary up.

Wrote calls on LU from 78 down today wrote also 70 puts - to early :(.

So now I am in a butterfly position short puts and short double the calls.

Yes the chart looks ugly, but it is an emotional stock and they will rally it to $70

BWDIK
Haim