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Strategies & Market Trends : Tech Stock Options

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To: Judy who wrote (2023)5/28/1996 6:50:00 PM
From: Pascal A. Mons   of 58727
 
Hi Judy, On JMED & AMTX

I think you made a smart move on JMED. The overall direction is still up I think, though a one day movement is ~$5. $50 was a somewhat strong support. The only problem is its burst are almost unpredictable... that may explain the reward for the astute players, like you... and those who dare to notice the support / resistence levels. Since resistence is now $60, it would be unlikely to see it below $10 under $50 by a trader standard.

AMTX is moving by wave as you know... It will be interesting to see if there is any difference after the options trading is in place. Big rise, then slight drift... to some support. Here it is dangerous to sell Puts untill you clearly see the strong support (though it may still drift lower...). It looks like $30 is the current support (however it is still a slim $5 below the resistence of ~$35).

No actualy I didn't trade for a while and the only one I will buy (for the long term) is BOBJY but I came too late again today, and it fifnished the day stronger... I still hope some wave to get in below $44. In fact I'm waiting for my Lombard account to open, plus a transfer of money from another account. Well it's almost summer again here and I'm out a lot these days too. I enjoyed my Italian trip and prepares for the Spanish one. In the mean-time I am off to Paris Friday evening because my local Rugby team will play the Final of the French Rugby Championship (kind of SuperBowl) in Paris Saturday night against the defending champion. I hope we will get the title (though we play against a major City of 1 million residents). Anyway there will be a lot of fun next Saturday at the stadium.

Have a great evening.
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