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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (29941)12/2/1997 4:12:00 PM
From: Kevin Walsh  Read Replies (1) of 58727
 
Hey Big K, Mucho thanks. Now for something completely different - bt 5 KLAC Dec35c (KCQLG) @ 7. Looks to me like KLAC is completing the rt shoulder of a head & shoulder bottom (a skewed one at that). Bt the 35s because the prem was only a buck whereas the 40s had about $3 prem.

>>Too bad I don't have CPQ pegged like Kevin W does right now....I woulda been out yesterday.<<

I wish I had it that pegged to be out yesterday! At least I saw it and thought about selling the calls as it went above 66. I didn't because I thought there would be some follow thru today - didn't expect yesterday's upward momentum would turn on the dime like it did. My profits were halved within the 1st half hour. It didn't look good for a turnaround so I took the remaining profits.

This time I'm cashing the profits and paying some debt - YEAH!

Any thoughts on KLAC?

kw.
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