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Gary Funck wrote:
>
> On Oct 21, 1:18pm, Joe Frabosilio wrote:
> > Subject: GEN: Castles in the Sky
> > Today the market went sky high, but is there any stocks worth buying?
> >
> > With the bid so far apart from the ask, is it really worth it?
> >
> > Today I searched a bunch trying to find a good buy, I couldn't find one!
> > Example: IBM 94 7/8 X 103 3/8, time approx 2:03 NY. Plus a hundred more
> > like the example above.
>
> I think you better check your quote machine :)
>
> I show Last: 103 1/8 Bid: 103 1/8 Ask: 103 3/16 Size: 30x30
>
> > I started to look at the options of these companies, the puts were worth
> > more than the calls.
>
> Puts are often more expensive than calls, though you need a pricing
> model that takes into account dividends if you want to determine
> fair value accurately.
>
> >
> > Question: Is this a sign of a castle in the sky?
>
> No, but Microsoft trading at a price to sales ratio of 15,
> probably is. :)
>
> --
> --
> | Gary Funck, Intrepid Technology, gary@xxxxxxxxxxxx, (650) 964-8135
Thanks for the info., I'm going to change the way I get quotes.
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