Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (34452)	10/23/1998 5:46:00 PM
From: David Rosenthal	Read Replies (2) \| Respond to of 132070

Michael, The bad news is, all the evil will not spew out at once. It will ooze over the months and perhaps years ahead. . . . Citigroup is dying, but bring a lot of stakes, because it will be a tough blood-sucker to kill. Opening October 31: Citicorpse Chapter 11: Final Debt Dave

To: Knighty Tin who wrote (34452)	10/23/1998 6:32:00 PM
From: miklosh	Read Replies (2) \| Respond to of 132070

Hi Mike, I cross-posted this on the amat thread. Could you let me know what you think? From options-iri.com : Applied Materials (AMAT; option root ANQ - 32-13/16) – Far-Sighted AMAT is moving higher today after reporting its fourth-quarter outlook. Interestingly, the January 42-1/2 call strike is the most active for AMAT. Typically, front-month options take the lead in volume following earnings news. Three separate blocks of 1,000 contracts and one 500-contract block were executed this morning between the bid and the ask. What do you make of this heavy options trading for the Jan 42 1/2 call? Could this be interpreted as some heavy hitters are saying that amat continues to run up from here? Personally I'm quite surprised at the volume on such a far out of the money call after the run amat's already had. In general, is a heavy buildup of interest on an out of the money option a usefull indicator? Thanks miklosh ps. Mik's a good nickname btw Miklosh is Michael in Hungarian<g>