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The fundamentals could not get any worse, and it's rallying in after-hours
trading....!
duh....
I would say the bottom is in.....the shorts are nervous......
This guy may not rally a lot, but selling the 20 puts here may be a good
strat.
> -----Original Message-----
> From: Don Ewers [mailto:dbewers@xxxxxxxxxxxxx]
> Sent: Wednesday, April 24, 2002 1:27 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] AOL movement; low option premium ?
>
>
> M Simms,
> Rally off the $18.63 low started "exactly" when Mario Gabbelli
> commented on
> CNBC for people to buy it at $19 or below this am (I believe he owns it
> since he has normally been bullish the cable/TV companies as value plays,
> but the volume was off as it normally is and I only caught the
> last part of
> the interview). Hope he owns it before November of 1998 or he is
> underwater.
>
> Although the lower low has come in as expected, this may be minor
> wave 4 of
> wave 5 on the 60min if "fine tuning" is allowed (keep in mine the 60min is
> counting out just minor wave 5 of wave 5 on the daily)? Also the 60min MOB
> level has not been reached (nor has the minor wave 5 target range with
> starts below the MOB @16.85 on the 60min and 17.47 on the daily), so there
> may be more downside with this one? A trade above 20.91 would indicate the
> low "may" be it (.786 retracement minor wave 2 to my proposed minor wave 3
> of Wave 5, at the low). Timing marks on the MOB come in this
> week starting
> tomorrow.
> don ewers
>
> ----- Original Message -----
> From: M. Simms <prosys@xxxxxxxxxxxxxxxx>
> To: RealtradersList <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, April 24, 2002 11:39 AM
> Subject: [RT] AOL movement; low option premium ?
>
>
> > I am amazed the options at 20 are not TWICE the current premium
> given the
> > movement of this guy ahead of earnings.....
> > is this a buy-straddle situation ?
> >
> >
> >
> >
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> >
> >
> >
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