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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Tony B who wrote (8950)2/15/1999 1:55:00 PM
From: M. Scott Gegenheimer  Read Replies (1) | Respond to of 56535
 
To All:

Is anyone looking at NAVR options. The April 17.5 go for about $3.5 per contract, although there is a large spread on the bid/ask. I'm thinking of buy some more on Tuesday, preferably at $3.0 per contract.

I think the April calls are probably a better choice then the March calls in case of any delays. My understanding is that they have 60 days to complete the S-1, without any further issues with the SEC.

Also there was an article on Net radio in the current issue of the economist that mentioned NAVR. Here's the URL:
economist.com

Regards,
Scott.

Disclosure: I own 2750 share and 10 calls (march) Will probably sell the march calls and buy the april. Bad choice in buying the March. I bought them when I was on the road traveling for work and I shouldn't have done that. It's hard to make good decisions when your not focused and in front of your computer.