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To: jeff greene who wrote (2778)3/16/1999 11:07:00 PM
From: Condor  Respond to of 30916
 
Who died and made you God?



To: jeff greene who wrote (2778)3/16/1999 11:12:00 PM
From: Steve Fancy  Read Replies (1) | Respond to of 30916
 
Jeff, I have done both, if you look back over the last few days, I have offered some minor contributions and am fact in the process of attempting to determine what they may have in the way of switching products. Not much emotion involved on my part. If folks here aren't interested in trading statistics also, I'll keep 'em to myself, but they can be very telltale of shorter term direction for folks who may not want to ride things down. I have made a lot of contributions to many threads over the years and am not used to the suggestion that perhaps only certain investment styles are appropriate for a particular thread.

In any case welcome to SI.

sf



To: jeff greene who wrote (2778)3/16/1999 11:22:00 PM
From: Steve Fancy  Respond to of 30916
 
Condor, appreciate the suggestion. In order to make it worthwhile on a potential couple points downside I'd have to buy 22.5 or 20 puts, and with my luck, then they make their announcement and the stock runs. I may just sit pat and write some June or Sept 15 puts if it pulls back to that level. Looks like I could sell Sept 15's for almost 5 with the stock at 15. For anyone who doesn't understand naked puts, as long as the stock is above 15 at expiration it's cash in the bank and I'm off the hook. If it's under 15 I get assigned the stock (if I didn't buy 'em back for a profit somewhere along the way) for a net of $10 a share.

Good luck. Seems sentiment is kinda down and that quite often is when things turn.

Whoops, sorry Jeff, thought I posted this to Condor.

sf