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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (4727)1/26/1999 9:30:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
>>>"The smart money is currently selling extremely expensive calls to the public,"<<<

Truff, they were doing the same thing at the bottom (except with puts) in early sept and october.

If they could only bring yahoo back up to 445 for so the bears could have a really low risk short -g-

bb

>>>P.S. I sold my expensive MSFT calls today for a double to some fool (or maybe I'm the fool)<<<

A 100% profit on a high risk option is about the least foolish thing you could execute -g-



To: KM who wrote (4727)1/27/1999 1:25:00 AM
From: Richard J. Byrd  Read Replies (2) | Respond to of 99985
 
Trufflette:
<The smart money is currently selling extremely expensive >
<calls to the public...Look for call option writers to clean the > <pockets of call speculators over the next few months >
- - - - - - -
You know, those dumb, day-trading speculators who bought the IBMCS call at 6 7/8 today and sold them at 8 7/8 were really nuts. They only made 30% on their money in 6 hours. You know that's only about 9,000% a year. Wow, are they stupid.

Dick


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