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Strategies & Market Trends : Tech Stock Options

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To: Art C. who wrote (29855)	12/2/1997 8:38:00 AM
From: Greg R	Read Replies (2) of 58727

Art - I am going to hold off on buying the calls for a few days. The reasons are: - IBM is above the trans-set lines. It will want to come below. - It is approaching a couple of fairly influential bearish ghostlines which will encourage it to back off for a bit. - The DOW is approaching its First X-over which should see IBM drop back for a bit. - Since what we think we're seeing is sooooo radical, I would like to see a couple of more days confirmation. Besides, if we are right, the upside is so astronomical that a couple days will only mean a small percentage of gain missed at worse and nothing missed if I am right above. <<if the world came to an end tomorrow>> (The world does not end until the first week of March. So I'm taking winter holidays in February (somewhere warm). Hey Lisa, what ya doing in February???? Greg

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