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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. :)
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| Gary Funck, Intrepid Technology, gary@xxxxxxxxxxxx, (650) 964-8135
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