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To: 16yearcycle who wrote (55554)5/5/1999 9:57:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
Eugene,

>> He added 30 may puts. Do you think they did well?

You know, the 180 puts were going for $4 last week ! Now if you had sold all your long shares and bought May 180's with the proceeds ! You would be treating us to pork chops too, at your lakeside mansion.

Congrats on your nimble trading today. I don't really understand the logic of options with their premiums. I prefer long and short.

Today's reversal resembled the turn-around at 115 a couple of months ago. That's the day Glenn dumped his shares. It seemed Mark and I were the only buyers on that day. He with his thousands, and me with 200 shares as usual. That was the start of the move to 220. I don't think today's move will go that far. 160 will be about it, I think.