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Strategies & Market Trends : Tech Stock Options

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To: Judy who wrote (2505)6/11/1996 7:29:00 PM
From: Pascal A. Mons   of 58727
 
Hi Judy, On Stocks review... past and coming...

Welcome back to work!... sounds like you're eager to trade again... you must have got an addiction...

While you were vacationing in Mexico, a buble developped on IOMG, and there was 3 days of trader initiated dive which were easy to profit out. The first 2 registered $10 dive (on the trader scale...), the last $5. Then some oscillations of $2 1/2 between $35 / $40, & $40 / $45 and we are here... Heavy support @ $35, moderate support @ $40. Well for me I would like to wait for other 'bubles' on IOMG... that's what I intend to play.

I've read an interesting article in Fortune (April ?) about IOMG IOMegans and bears... the Motley Fool thread on America on Line...

JMED went up though not much in a downward trending market... after split. And your yesterday $55 put sale was a good move... (was the stock ~$52 1/2 at that time ? in the last hour or so it went up to test $55). So at the moment you are quite safe.

AMTX near term, is in the buffer of $27 1/2. Hence resistence is at $30 and support $25. Holding better than market average... But if tomorrow the market goes down then we will see it in the $25 buffer ($24 / $26), if it's good in the $30 buffer ($29 / $31). Separately $30 was for long seen as a major level for AMTX, so it may set back before breaking out.

True CSCC would be better than FORE. However FORE @ $35 is a good pick... USRX is not risky... and ASND is not for the same reason : They have a (as of today) huge market. Though given the growth of ASND it's a little more risky.

I didn't hear about the Book-to-Bill ? any clue ?

My Lombard account was opened last week, and effectively running today. I find it very convenient. So far it's perfect. I have still to sort out some questions about how the spread is reflected, I e-mailed Monday night. I wait their e-mail answer. I still wait some stocks transfer, and other cash transfer. I will keep 2 separate accounts. The drawback is there is no checking with Lombard, and no margin for people outside US. The newly advertised Compu-Tel charge connection time past 30mn (free), .20c per minute... quite expensive... though they have checking for free. Well I prefer Lombard, and will find some other broker / banks for free checking.

Post Scriptum : No I don't know Grits... I will ask them for. Is that Chinese ? They told me they have set up a Chinese Language School in Raleigh and are very busy (not for profit I think).
In Raleigh I appreciate some seafood restaurants : Lobster, Crayfish... very good and not expensive.
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