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To: John Graybill who wrote (43722)3/12/1999 12:47:00 PM
From: John Graybill  Read Replies (1) | Respond to of 53903
 
I think I see our old friend the two-hour flatline coming up the street! Another 45 minutes or so and he oughta be here. Given that we're so close to 50, very significant for the reasons MMV gave earlier, I'm gonna risk being called a waffler (from my post two days ago) as well as risk some cash and buy some 55's in anticipation of a blow-up once Mr. Flatline has rested for a while and decides to make room for Mr. 2:30 blow-up.

A buck even would be a sweet entry, but I'm already so heavily into my July/March 65 put spread that I don't mind missing it. The goal on getting them would be to sell 60's for 1/2 on a rise to 52+. If I get the 55's and we don't blow up later, I dump 'em and try again Monday.