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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (53180)3/23/1999 5:48:00 PM
From: J. P.  Read Replies (1) | Respond to of 132070
 
<<Put premiums are not expanding the way they should given how right my put picks have been.>>

Ha! I rode the MUPJ's 30 points down and only made $350 bucks per contract profit!



To: Knighty Tin who wrote (53180)3/23/1999 5:57:00 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
>>Put premiums are not expanding the way they should
given how right my put picks have been.<<

Theory on that?



To: Knighty Tin who wrote (53180)3/23/1999 6:07:00 PM
From: Lucretius  Read Replies (1) | Respond to of 132070
 
MB: I'd say the fact that your prem's haven't moved up (I've noticed the same thing) are actually quite bearish.. stocks are falling out of the sky and nobody is scared.... that means they're gonna get REAL scared later.



To: Knighty Tin who wrote (53180)3/23/1999 6:16:00 PM
From: wlheatmoon  Read Replies (1) | Respond to of 132070
 
just two symbols to scare the bejeesus out of you-----
SCH PVN

ho ho ho



To: Knighty Tin who wrote (53180)3/23/1999 8:03:00 PM
From: Eggolas Moria  Respond to of 132070
 
CPQ needs to hire Laverne and Shirley apparently.



To: Knighty Tin who wrote (53180)3/24/1999 6:03:00 AM
From: valueminded  Read Replies (3) | Respond to of 132070
 
Mike / All:

I have also noticed that the put premiums have not expanded in this down move. As a matter of fact, the time premiums have fallen and the only thing keeping them profitable is some are in the money.

I find this highly unusual, but to me it indicates that the sentiment is waaaayyy bullish. When the premiums begin to expand, it will indicate that bullish sentiment has at least moderated to some extent. (imo) What you think ?