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To: Ibexx who wrote (71450)1/14/1999 8:30:00 PM
From: James C. Mc Gowan  Respond to of 186894
 
Ibexx: Thank you. I would be most interested in your thought process,
semi- qualitative or other-wise, when your compare movement of options vs. common and make your play.
This type of buying opportunity presents itself with some degree of regularity in the tech sector, and I've seen how you have consistently
capitalized upon these gifts.
This is a company, along with ARMHY, that I've wanted to get into for some time, at a bargain price.
Regards,
Vocex



To: Ibexx who wrote (71450)1/15/1999 9:14:00 AM
From: nihil  Respond to of 186894
 
Ibexx -- I'm sure you won't forget the explosion of volatility that drives the option price up after a price drop and plays into the MM's hands. Even in a pre-semi-quantitative analysis this must be reckoned with. Volatility looks like Nessie on my charts.