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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: Mark[ox5] who wrote ()3/30/1999 9:09:00 PM
From: Mark[ox5]  Read Replies (1) of 779
 
Bought EXFDK today

EXODUS April 155 CALL options... on EXDS common stock pullback

EXDS has support at $140 level... if it pulls below that I will add more... but it has bounced off $140 nicely the past few days. However, market looks pretty crappy right now ... lots of problems with 10K so in a general pullback it could go lower. I would recommend starting HALF a position here ($140 area) either with

A) If your cautious : Common Stock
B) If you have more risk tolerance : May or June 150,155,160 CALLs
C) If you are a crazy mofo like me who loves stress: April 155, 160 CALLs

Finish off the other half of the position on any pullbacks below $140 level... or if it stays strong by beginning of next week... just get in.

Split is on 4/12
YHOO reports earnings that week as well... should be a bonanze internet week... add on dips between now and then

Target on the common is upper $190 range - meaning bookooo bucks on the options... let's see how well it works.

******************

ZD... if you didnt get in today... not sure... my target was either $29 or $39.. and it hit the $29 today... tommorow could be a wild day in the stock... but will probably exit much of my position tommorow as the IPO is slated for Thursday I believe... Holding April 25 and April 30 CALLs as stated on Sunday night on the thread.

GNET pulled back to 10 day line.. consolidating.. love the stock long term, could be correcting a bit here...

ATHM pulled back here... in a day or two could be a good buy ...

AOL just amazing.. never seen anything with such a huge market cap move nearly 100% in a month

Priceline.com... a joke...

IVIL & MINE... recent IPOs to watch - much better short, medium, long term prospects than junk like PCLN.

Mark
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