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Re: Day Trading (Stock of the Day)



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Let's make a big assumption that the October 90 call was bought on its low
at $2.62 and sold on the close at $3.50 for a gain of $0.88 or 33%. Take
away commissions and an eigth point spread and you still have a decent day
trade. If Telescan volume data is correct, there were 9,582 contracts
traded today which would have provided plenty of liquidity.  The problem I
had with the stock trade is that the stock was dropping below support at 92
and could have plunged.  Personally if I took his trade it would have been
with the options and not the common, that is just personal preference and
not meant to be criticism.  I would also encourage the trader not to
abandon RT so soon.

BobR
  
At 07:31 PM 10/14/97 -0400, you wrote:
>In reply to Don's gutsy call today i was wondering how a play on this with
>calls would have worked? Do you know Don? I would be interested to know how
>that would have worked out...
>
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