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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (16543)10/9/1998 6:50:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 42787
 
Need to edit my picks after checking options expiration weighting.
short picks KO and XRX are too early since best expiration price would be around 60-65 for KO and 90-95 for XRX so I would wait until late next week to initiate positions.

For longs, it is best to hold most of them down except CTXS which should climb to around 55-60.

OEX needs to add 10 points by next Friday minimum or 18000 puts will pay.

Lee



To: Lee Lichterman III who wrote (16543)10/9/1998 9:15:00 AM
From: The Perfect Hedge  Read Replies (2) | Respond to of 42787
 
Hi L3-
Just combing through the threads and I'm so suprised at how many are ready to go long.This tell some that we have a long way to go on the downside.I believe most are still not taking this bear seriously and it really hasn't started feasting yet.We have had absolutely NO sustainable rallies in weeks..All are sold into and this tells me the big guys are heading for the exits.Most small stocks have been sliced in half but the Dow doesn't reflect that.Wait till that sucker starts it's descent.IMO,I'm nowhere near pushig the buy button..I'm riding the puts....

B*