Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Constant Reader who wrote (2064)	5/29/1996 3:50:00 PM
From: Pascal A. Mons	of 58727

Randal, Re: USRX OK, I didn't follow USRX closely, but as I can see you are right today. I think this may be the case for an increased volatility. BTW, you noticed today that it went from ~ level $97 1/2 down to test level $90. May be the implied resistence (as read from the previous session ?) is $100, then it looks like at this level of daily volume the resistence / support spread is $10 ? Hence the strong support @ $90. However if it didn't finish back above $95 I wouldn't say the resistence is still $100 but certainly lower. Therefore allowing for more downside movement tomorrow to a new support @ $85 (if resistence is $95 and spread $10)? It's just a guess. May be it's something like that, let's wait and see. It's funny to play with numbers and guess the new levels and implied movement tolerance, adding the market mood and may be you are in for some accurate predictions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next