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To: Kayaker who wrote (10324)6/5/1999 12:34:00 AM
From: larry  Respond to of 29970
 
I agree. I will pick up nuts after the Fed meeting. If no rate hike, I will buy YHOO!, EBAY, AOL 3-4 sessions before the earnings release and of course, heavy call buyings at that time. Then dump and short the issue the day the earning is announced and sell the calls. Between that, I will buy MSFT for the earning rally. After nuts are done, I will sell puts on MSFT to make a meager gain. That's my plan until Oct 1st, which means another around of nuts activity.

I think that is the best way to do. I am nearly 100% with the exception of writing 100 contracts of MSFT June 75 puts. It's worht only 5/8 right now. I am planning on a 40-50% gain for the July nuts fun. Won't trade unless the market drops like a rock (500 points down daY) for a dead cat bounce.

BTW, one more split, AOL is dead meat. Issue is no MSFT with the exception of being one of the best on erth in making press release. Huge float and devaluation of earnings are poison to extremely overvalued issues. ONLY MSFT is immune to this game. Yet MSFT won't split until at least year 2001.

larry