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Jim
Forgive me, but I am not familiar with the use of spreads. At
first glance, your idea looks daring enough. :^)
As both ends will expire so soon, perhaps a month or more further
out would give the idea a better chance to simmer to profit. (?)
Otherwise, there are only two weeks remaining, but hopefully the bottom
will be achieved by then. Good luck.
Larry
Jim wrote:
what's your opinion on this short play.....
brcm short Oct 200p@x 1/2 and buy Oct 175put @1
1/2..4 point sprd...
At 10:40 AM 10/6/00 -0700, you wrote:
Theo
The way that I determine a H & S objective, is to
measure the distance from the extreme of the head, to the neckline.
That measure
can be used from the neck line break, to the probable
objective.
As is so often the case with technical analysis, this
rule of thumb is an art, and is in no way science.
Thanks for pointing out the wicked looking BCRM formation.
Do you have the courage to short this puppy?
Daytrade shorts are in the money today.
Larry
Jim...
Atlanta, GA
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