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To: waverider who wrote (3701)10/4/1998 1:30:00 PM
From: SJS  Respond to of 14427
 
Rick,

I think 1 minimally up day on Monday, then moving down toward support at 7550. It is going to be interesting as we move toward option expiration week (not this, but next Friday). Option premiums are so high right now due to overall mkt volatility, I think the market's going to churn up and down to keep both sides guessing. Many option strikes have been taken out with the recent fall, and I have a feeling that alot of stock will be PUT to those put writers...

Naked call writers might have it somewhat better on this month's go-round, though.

PS: I watched a news show on Russia. Real Scary. Many banks are cratered and this one woman who earned a well above average salary as a bank teller ($150/month) is looking for new work. Hundreds of applicants for single menial or clerical jobs.



To: waverider who wrote (3701)10/4/1998 1:52:00 PM
From: The Perfect Hedge  Respond to of 14427
 
D-
I tried to find the post but couldn't.....bobby beara's(beara's been in gold and thinks the BK is near..very near...so does SEW and Favors) really bearish on YHOO...he says each subsequent rally is happening faster and building a vertical wall that is about crumble...her target is 148 and that's the top...may not get there but earnings bs and all that....AMZN is one to look at..I'm buying Oct 95 puts on the rally we're going to get Mon imo......

B



To: waverider who wrote (3701)10/4/1998 2:14:00 PM
From: waverider  Read Replies (1) | Respond to of 14427
 
Ah, apparently Bear-Stearns upgraded YHOO on Friday. That accounts for the rebound. What a bunch of BS. They must have some big clients that wanted to get out over $130.

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